For Sale
$125,000

3365 Field Rd Clio, MI 48420

Prime Clio, MI development land; 57-unit plan approved.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 15-acre commercial land parcel, identified by APN numbers 18-15-300-010 and 18-15-300-012, presents a compelling investment opportunity in Clio, Michigan. Located at 3365 Field Road, 48420, this property is zoned MU-1 and boasts city water and sewer access, significantly reducing infrastructure development costs. The asking price is $125,000, translating to an attractive price per acre of $2,358.49. A previously approved preliminary site plan outlines the potential for a 57-unit duplex condominium development, offering a clear path for immediate project initiation. This development opportunity is further enhanced by the seller's motivation to close in 2021 and the availability of land contract terms, providing flexible financing options. Situated in a growing community, this property offers significant long-term potential for substantial returns. The property's location in Genesee County, Michigan, provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a large, well-located parcel with a proven development history, making it ideal for both experienced developers and investors seeking a high-return project.

Highlights

  • Attractive per-unit pricing allows for a strong development opportunity.
  • Previously approved site plan for 57 duplex condominium units.
  • City water and sewer available.
  • Located in a growing community.
  • Land contract terms available.
  • Seller motivated for a 2021 closing.

Property Details for 3365 Field Rd

Property type
Land
Lot Size (sq. ft)
653,400 SF

Location Insight

City
Clio
County
Genesee
State
Michigan
Latitude
43.184019
Longitude
-83.7485101

FAQs

What type of property is this?
Land - Prime Clio, MI development land; 57-unit plan approved.
Where is the land located?
The property is located at 3365 Field Rd Clio, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Attractive per-unit pricing allows for a strong development opportunity.; Previously approved site plan for 57 duplex condominium units.; City water and sewer available.
How can I contact the broker?
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3365 Field Rd
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