MLS # 26023217 (Michigan Regional Information Center (MichRIC))

4.01 acres in the City of Lowell, already zoned R3 for residential development. Flat ground. Water and sewer available at the site. Natural gas available. No structures on the ground. This is a shovel-ready position. R-3 zoning is in place, the ground is flat, water and sewer are available, and multifamily is a permitted use by right. The standard density cap of 10 units/acre puts this parcel at approximately 40 units by right. The City of Lowell has already approved a density increase on a comparable R-3 parcel (a 2.5-acre site where the city agreed to a higher unit count above the standard allowance), demonstrating a path to additional density for a developer willing to engage the planning process. No rezoning required to start building.
Source: SparkMLS
Asking $599,000.
Property tax estimate: $859 per year ($72/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Lowell Light & Power; natural gas by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
W 425.28 FT OF N 418.3 FT OF NW 1/4 * SEC 2 T6N R9W 4.07 A.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Joshua M McCracken
Greenridge Realty (Lowell)
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Lowell Light & Power
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
792 Godfrey Street SE, Lowell, MI 49331
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Municipality
Lowell
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