2.6 Acres in Federal Opportunity Zone Zoned Highway Service

Vacant Land for Sale
Catylist Listing ID: 30051167
Property Subtypes: Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 2.60 Acres
Sale Price: $260,000
Unit Price: $100,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/12/2020

Overview / Comments

Located just South of I-96 on M-99 , this 2.6 acre property is zoned C-3, highway service, the most flexible commercial retail zoning within Delhi Township.

M-99 is a four lane state highway that serves as the primary road to and from Eaton Rapids from Lansing, average daily traffic of 12,500+ cars.

The property is served by all major utilities and is ready for development.

Nearby users include self storage, professional office, automotive and fast food.

This parcel is located in the Federal Opportunity Zone, qualifying investments here for tax benefits. Speak to your tax professional for advise pertaining to Federal Opportunity Zone investments.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Delhi Township / Ingham County
Tax ID/APN: 33-25-05-07-326-018
Market Type: Medium
Side of Street: West
Road Type: Highway
Property Visibility: Excellent
Legal Description: COM AT SW COR OF SEC 7, TH N00°32'15"W 911.7 FT ALG W SEC LN, TH N89°27'45"E 1223.99 FT TO A PT ON NW'LY R/W OF HWY M-99, SD PT BEING 50 FT FROM C/L M-99, TH N44°01'43"E 861.29 FT ALG NW'LY R/W OF M-99 TO POB, TH S89°32'25"W 403.39 FT, TH N00°18'34"W 249.78 FT, TH N89°46'43"E 284.67 FT, TH S00°18'34"E 50 FT, TH N89°46'43"E 312 FT TO NW'LY R/W OF M-99, TH S44°01'43"W 276.56 FT ALG NW'LY R/W OF M-99 TO POB, SEC 7, T3NR2W 2.6 AC M/L
Largest Nearby Street: Waverly
Feet of Frontage: 276
Traffic/Vehicle Count: 12,500
Transportation: Highway
Highway Access: Just South of I-96
Airports: Capital Area Regional International Airport
Lot Frontage: 276
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,722 53,614 122,983
Median Age: 31.16 35.66 36.07
Households: 1,369 21,722 52,009


Photograph of Listing Agent

Matthew Wisniewski, CCIM

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