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Investment Highlights

  • Prime waterfront parcel
  • Potential significant financial incentives to developer
  • Located near Hwy 41

Executive Summary

This property maybe Brownfield eligible for infrastructure costs, as well as having other economic incentives to develop a community project that benefits the city of Menominee.

Attachments

SS
recr

Property Facts

Price $658,653 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Community Centre
  • Healthcare
  • Hospital
  • Hotel
  • Loft or Creative Space
  • Manufactured Homes or Mobile Home Park
  • Medical
  • Motel
  • Office Park
  • Rehabilitation Centre
  • Single Family Development
  • Trailer or Camper Park
  • Single Family Residence
Total Lot Size 12.44 AC
Zoning Comm/Residential - Commercial Zoned District

1 Lot Available

Lot

Price $658,653 CAD
Price Per AC $52,988.99 CAD
Lot Size 12.43 AC

Discover the potential of nearly 12.5 acres of prime waterfront property with approximately 850 feet of lake frontage—perfectly suited for a visionary development.

Description

Discover the potential of nearly 12.5 acres of prime waterfront property with approximately 850 feet of lake frontage—perfectly suited for a visionary development. This expansive parcel is ideal for multi-family housing or for creating a series of residential lakefront lots. With approximately 9 acres already cleared, this property offers an excellent foundation for a streamlined development process. Potential Brownfield eligibility may help cover infrastructure costs and may have other economic incentives to support projects that benefit the City of Menominee. This is a rare opportunity to bring a new community vision to life on the water!

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
051-037-860-10
Land Assessment
$384,432 CAD
Improvements Assessment
$0 CAD
Total Assessment
$384,432 CAD
  • Listing ID: 28687358

  • Date on Market: 2023-06-07

  • Last Updated:

  • Address: 901 39th Ave, Menominee, MI 49858

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