$600,000
$699,900
14.3%For more information regarding the value of a property, please contact us for a free consultation.
42.14 Acres Lot
SOLD DATE : 03/13/2023
Key Details
Sold Price $600,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Village Of Otter Lake
MLS Listing ID 2220041997
Sold Date 03/13/23
Originating Board Realcomp II Ltd
Annual Tax Amount $9,670
Lot Size 42.140 Acres
Acres 42.14
Lot Dimensions 575x261x717x216
Property Description
42.14 Acres Lake Front on 500 Acres of All Sports Otter Lake! The Value is in the land with possible tear down structures. This Commercial Property that was previously a rehabilitation center has 8 Buildings on it! Building are in need of Extreme repair if that is your intention to keep them. The property has been vacant for over 12 years. It has been Vandalized and building have not been maintained. The History of what the building were - Building 1; Open Plan was previously used as a gymnasium, 5 offices, 3 bathrooms. Building 2; Two Story block building w/walkout was laundry area for complex. Building 3; Two Story Residential Building Multi Family House. Building 4; 4 Bedroom House. Building 5; Three Story Apartment Building. Building 6; Burnt Down in late October (arson). Building 7; Large Chapel/Meeting Room & Bedroom's. Building 8; 6 Bay Garage. Natural Gas and Electricity Service the Site. City Water & Sewer Connected to property. Water Tower on Site is currently being Leased (Cell Tower) with a income of $325.00 Month. 3000 FT of Water Frontage on Otter, Powder Horn and Mud Lakes. Possible Uses: RV Park, Profit or Non-Profit Origination Camp, Educational Institution, Religious Group, Medical Recovery Rehabilitation, Conference Site, Training Center, Retreat Center, Convalescent Home. Land Contract Terms Available. Also includes parcel number # 04763600100 & 01300601000.
Location
State MI
County Lapeer
Area Otter Lake Vlg
Zoning Commercial
Direction Otter Lake Rd to Sherman Street
Exterior
Waterfront yes
Waterfront Description Lake Front,Water Front
Water Access Desc All Sports Lake
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Lakeville
Others
Tax ID 01300600900
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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