1 Main StMilan, MI 48160

  • Commercial real estate
  • 0.07 AC
For Sale
$1,800,000 View listing

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
1 Main St, Milan, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,379
-
-
$124,500
-
-
-
$249,000

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