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31158569

1407 44th St SW, Wyoming, MI 49509

RK
MI 6505425965, MI 6502425964
$325,000
76 days on market
Updated 8 days ago

Multifamily/Office Redevelopment

Details
Property Type Land, Multifamily (+1)
Sub Type Apartment Building, Commercial (+1)
Square Footage 861
Occupancy 100%
Price per SqFt $377
Buildings 1
Acreage 1.066
Zoning RO-1
Investment Type Redevelopment
Ownership LLC
Sale Condition 1031 exchange

Multifamily/Office Redevelopment Opportunity

Marketing description

Development Opportunity – 1407 44th St. SW, Wyoming, MI

Parcel zoned RO-1 (Restricted Office), located at 1407 44th St. SW, Wyoming, Michigan.

The existing residential dwelling is occupied by a month-to-month tenant; lease can be terminated with standard notice per Michigan law.

Current zoning permits restricted office use. However, the property aligns with the City of Wyoming Master Plan designation for multifamily residential development. The City has provided verbal indication of support for rezoning to multifamily, consistent with approval of a reasonably comparable multifamily project immediately to the west.

Development would require demolition of the existing house and rezoning approval through the standard City process. Buyer responsible for all rezoning, demolition, site plan, and permitting costs and procedures.

No representations are made regarding rezoning approval timelines or final entitlements. Prospective buyers should conduct independent due diligence and coordinate directly with the City of Wyoming Planning Division.

Contact broker for more details.

Listing Contacts

RK
MI 6505425965, MI 6502425964

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Additional Information

Name
Ryan Kelley
License
6505425965
Brokerage Phone
6164011595
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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