7075(2 parcels) E M 72Williamsburg, MI 49690

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 $2,225/month and the lower unit is a 2 bedroom, 1 bath bringing in $1,550/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.

Property Information

Property type

Commercial Lease

Year built

1960

Living area

2,676 Sq Ft

Lot size

9.35 acres

Days on market

184

MLS^® Listing#

1943161

Property Features

Heating

Forced Air · Propane

Basement

Walk-Out Access · Finished

Parking

Other

Construction

Frame · Vinyl Siding

Roof

Asphalt

Sewer

Private Sewer

Water source

Private

Financial Details

HOA

Yes

Assessed value

$424,163

Parcel number

01-015-005-03 and 06

Directions

North Side of M-72, East of Tractor Supply.