Tustin Land
Catylist Listing ID: 30750560
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 72 Acres
Sale Price: $495,000
Unit Price: $6,875 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/31/2021

Overview / Comments

This ideal piece of property is located on the Northbound US131 exit at 20 Mile Road and is approximately 1/2 mile from Tustin, MI. Great location for multiple uses, including truck stop, gas station, liquor store, strip center or RV park. Not far from Cadillac, Traverse City or Mackinaw City, it offers unlimited possibilities. The seller also owns and SDD/SDM license that can be transferred to this location. The SDD/SDM license is available for $100,000 and is the only license available in Tustin.

Additionally, owner, who is also a general contractor, may consider a partnership for development as the property has no mortgage. There is a small pond and the land is mostly sandy loam with rolling terrain. Great spot for an RV resort.

Seller will also consider a land contract for a well qualified buyer and may consider splitting this property based on use.

Additional Details

Nearest MSA: Cadillac
County: Osceola
Tax ID/APN: Multiple
Zoning: MULTIPLE
Property Visibility: Excellent
Legal Description: Part of the Northeast 1/4 Section 25, T20N, R10W, Burdell Twp. Osceola Co., MI.
Largest Nearby Street: US 131
Feet of Frontage: 1,100
Highway Access: Immediately at the exit on the Northbound side of US 131 and 20 Mile Road
Area Description: Rolling land with pond and mostly sandy loam
Lot Frontage: 1100
Lot Depth: 2672
Zoning Description: Commercial and agricultural.
Topography: Rolling
Easements Description: None
Soil Type: Sandy
Available Utilities: Electric, Water
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,924 3,618
Median Age: 42.73 43.84
Households: 737 1,410

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