Otter Lake Vlg, MI 48464,6727 SHERMAN Drive

$600,000

$699,900

14.3%
Est.Price: ?

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Est. payment /mo

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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Realcomp MLS
Listed by Thomas Wilhelm of Wilhelm & Associates
Bought with Realty Executives Main St LLC

GET MORE INFORMATION

JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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