1 Main StMilan, MI 48160
- Commercial real estate
- 0.07 AC
Property Details for 1 Main St
- Lot size
- 0.07 AC
- Zone code
- D-1-W/C
- Property type
- Commercial real estate
- APN
- 19-19-35-454-001
- APU
- 191935454001
Description
This exceptional 52+-acre industrial property presents a unique investment opportunity in Milan, Michigan. Strategically located at the southwest intersection of US-23 (Plank Road exit), it boasts an impressive 725 feet of highway frontage and an additional 200 feet of Main Street frontage, ensuring unparalleled visibility and accessibility. The property comprises multiple parcels zoned for highway commercial and mixed-use residential development, offering considerable flexibility for a variety of uses. Currently, the land is heavily wooded, featuring a cleared area at the front and adjoining southern parcels used for farming. The property's advantageous location also includes frontage on Gump Lake and borders City of Milan-owned properties. Essential utilities are readily available, with city water, sewer, and natural gas services accessible at the street. The sale includes Parcel ID# 58-53-040-256-00 (Parcel C), and portions of Parcel D and Parcel F (north of the river), ID# 53-040-262-00 and ID# 53-040-264-00, contingent upon land division. This significant landholding offers substantial potential for developers and investors seeking to capitalize on Milan's ongoing growth and prime location along a major highway. The combination of size, location, and zoning makes this a truly exceptional opportunity. The asking price is $1,800,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $597,434
- Hospitality
- $547,247
- Educational
- $455,303
- Medical
- $470,961
- Retail
- $708,249
Location Insight
- City
- Milan
- County
- Washtenaw
- State
- Michigan
- Latitude
- 42.0847
- Longitude
- -83.6834
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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