Catylist ID:
#30786215
| 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: | 6/7/2023 |
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 |
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 |
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