Listed by Coldwell Banker Commercial Team Sherri
$145,000
Parcel C Old 27 N. Highway , 29.7 Acres
Details
Property Type Special Purpose
Sub Type Other
Acreage 29.700
Zoning B-2
Special Purpose
Marketing description
29.7 acres of rare B-2 zoned property for sale in the Vanderbilt area. Frontage on Old 27 N Hwy. Your sign on this property could be seen from I-75. MDOT '24 traffic counts are 3919/day on Old 27 & on I-75, it's 16,520/day. 18.5+/- acres of flat, high ground; 11.2+/- acres of low-ground with Club Stream running through from west to east. Natural gas is at the SE corner, Consumers electricity is adjacent. 1.2 miles on Old 27 Hwy from I-75 Exit 290 to the property. Easement along existing 2-track to be granted to sellers' adjacent-west ''Parcel A'' & their billboard lessee. Offers must reference the Legal Description & Easement Grant to be recorded at the closing. Both files should also be included as exhibits in the offer. There's also a vacant land listing, MLS 201840230.
Investment highlights
Multiple uses for northern Michigan businesses looking for visibility from I-75 and close to an exit ramp. B-2 potential uses: Adult Foster Care; Automotive Service; Bar; Bed & Breakfast; Campground; Car Wash; Day Care; Educational; Franchise; Grocery Store; Hotel; Marina; Medical/Dental; Mini Storage; Motel; Office; Party Store; Religious; Rental; Restaurant; Retail; Service; Vacant Land; Other
Listing Contacts
Listed by Coldwell Banker Commercial Team Sherri
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
