12667 Michigan St Lot • Résidentiel • 4,47 Acres • 6 308 685 $ CAD • Grand Terrace, CA 92313

12667 Michigan St, Grand Terrace, CA 92313 is a rare 4.47-acre, level and flat development site positioned in a supply-constrained submarket with very little remaining undeveloped land. The parcel is rectangular in shape, with the exception of a small lot at the southwest corner that is not part of the offering. The site currently carries R-1 zoning, and the City has already taken the first step toward approving an increase to R3-40. A second reading of the ordinance and a waiting period remain before the change becomes law, but the process is underway, positioning this as one of the few opportunities in Grand Terrace for a future multi-family project of meaningful scale. In addition to the raw land, the offering includes a leasehold interest in an approximately 4,100 SF masonry church building, built in 1967, that runs with the land, an asset that can generate income during a hold or entitlement period. Public water and sewer, plus electricity, gas, cable, telephone, and irrigation, are already at the site, with no anticipated issues in obtaining the required services. Grand Terrace is a charming, low-rise bedroom community known for low crime and good schools. The property offers easy freeway access and sits next to Loma Linda, home to a major medical center and university, placing future residents close to employment, healthcare, and education. With upzoning to R3-40 in process, all utilities in place, an income-producing improvement on site, and almost no comparable land available in the City, this parcel is a rare find for a developer, investor, or owner/user looking to build multi-family housing in the Inland Empire. Buyer is responsible for their own independent review and verification of zoning and any other factors affecting the feasibility and completion of a project on this site.