1217 Frances RdMount Morris, MI 48458

  • Commercial land
  • 0.64 AC
For Sale
$24,950 View listing

Property Details for 1217 Frances Rd

Lot size
0.64 AC
Zone code
GC
Property type
Commercial land
APN
17-31-300-010
APU
1731300010

Description

This exceptional 0.643-acre commercial land parcel, located at 1217 E Frances Rd, Mount Morris, MI 48458 (APN 17-31-300-010), presents a unique investment opportunity. Zoned GC (General Commercial), this property is ideally suited for a wide range of commercial ventures, particularly those within the cannabis industry. The zoning specifically permits cannabis cultivation, provisioning, processing, secure transportation, and safety/compliance operations. The generous lot size, measuring approximately 80 feet by 350 feet, offers ample space for development. The property's location in Genesee County provides convenient access to major transportation routes and a growing market. Importantly, unlimited facility licenses are available in the nearby Thetford Township, further enhancing the potential for significant returns. The asking price is $24,950, translating to approximately $38,781 per acre. While property taxes were approximately $445.36 in 2019, prospective buyers should independently verify current tax assessments. This is a rare opportunity to acquire strategically zoned land with significant potential in a thriving market. Don't miss out on this chance to secure a prime location for your next commercial endeavor.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,488,206
    Hospitality
    $5,027,166
    Educational
    $4,182,544
    Medical
    $4,326,388
    Retail
    $6,506,179

Location Insight

City
Mount Morris
County
Genesee
State
Michigan
Latitude
43.135
Longitude
-83.6865
CBSA code
22420
CBSA name
FLINT, 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
2022
$604
-
-
$9,600
-
-
-
$19,200

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