Multifamily Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30786215
Property Subtypes: Multi-Family
Gross Land Area: 37.16 Acres
Sale Price: $2,500,000
Unit Price: $67,276 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2022

Overview / Comments

Amazing City of Mason location, steps from Mason High School, just off US 127 and minutes from the Capitol, this is one of the most compelling multifamily development sites in the Mid Michigan market.
Mason is the county seat of Ingham County, which is home of the State capitol. Mason is also home to the world headquarter of Dart Container, makers of Solo Cup and world-famous disposable drinking cups. US 127 gives easy access to Lansing and State of Michigan offices, as well as the West side Auto Owners Insurance campus, Farm Bureau Insurance Campus, two General Motors plants, the State of Michigan Secondary complex, Amazon, Meijer Warehouse, not to mention several Tier 1 auto suppliers and the soon to be built GM Battery facility.
The site is just off US 127 and next to Mason High School. A Meijer store is nearby as well as restaurants, banking and other shopping. The Hayhoe River Trail offers walking and biking on the property into downtown Mason and continues into Holt and right into the City of Lansing.
The site has already been improved with a storm water detention pond, greatly reducing the development time and adding huge value to the property. City water and sewer are both on property, as well as gas and electric.
The City of Mason is looking forward to making development on this key parcel attractive and economically viable through its zoning.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Mason / Ingham County
Tax ID/APN: Multiple
Zoning: M1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,082 12,549 22,693
Median Age: 38.87 39.84 39.22
Households: 2,206 4,893 8,805

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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