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Kyle O'Grady

kyle@ogradyteam.com +1(231) 499-9999

Listed by Century 21 Northland

$600,000

Est. payment - /mo

2 Baths

2,576 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,576 sqft

Price per Sqft $232

MLS Listing ID 1943163

Style Ranch

Year Built 1960

Lot Size 4.690 Acres

Acres 4.69

Property Sub-Type Multi Family

Property Description

Exceptional Investment & Development Opportunity. This highly versatile property offers immediate income with outstanding future potential. Currently operating as a grandfathered residential duplex, the property features reliable long-term tenants and strong rental income, making it an ideal holding investment. Both units have their own washer and dryer. The main floor unit is a 3 bedroom, 1 bath bringing in $2,250/month and the lower unit is a 2 bedroom, 1 bath bringing in $1,500/month. Zoned Light Industrial/Warehouse, the property boasts excellent visibility and expansive frontage on M-72, opening the door to a wide variety of commercial uses. Permitted uses include, but are not limited to: Live/Work Units, Computing & Data Processing Centers, Dealerships, Suppliers, Veterinary Clinics, Greenhouses or Nurseries, Food Production Facilities, Warehousing & Wholesale Operations, Self-Storage Facilities, And many additional commercial possibilities. The site also presents a unique opportunity for renewable energy development. With a special use permit, the property could be ideal for a solar installation, thanks to its flat, cleared, and well-drained land and close proximity to an electrical substation. The parcel also offers strong development flexibility, with the potential for multiple access and exit points via existing easements, improving site circulation and making the property well suited for larger-scale commercial operations. Adding to its appeal, this expansive parcel is located less than one mile from Flintfields Horse Park, home of the internationally recognized Traverse City Horse Shows, bringing significant seasonal activity and economic energy to the area. With existing rental income covering carrying costs, investors have the flexibility to generate cash flow today while planning and developing future commercial or industrial uses on this exceptional piece of acreage.

Location

State MI

Rooms

Basement Walk-Out Access, Egress Windows, Finished

Interior

Interior Features Drywall, High Speed Internet, WiFi

Heating Forced Air, Fireplace(s), Propane

Fireplace true

Appliance Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Propane Water Heater

Exterior

Community Features None

Waterfront Description Private

Roof Type Asphalt

Garage false

Building

Sewer Private Sewer

Water Private

Architectural Style Ranch

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Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

7075 E M 72 Williamsburg, MI 49690

Kyle O'Grady

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby Locations

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