6412 TIN LIZZY LN Lane $725,000

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    6412 TIN LIZZY LN Lane Bridgeport, MI 48722

    • 5.08 Acres
    • Commercial
    • MLS# 50144575
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    Views: 22 Days On Site: 163

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    Property Details

    THIS PROPERTY IS UNIQUE! RESIDENTIAL STRUCTURE BUT ZONED COMMERCIAL IN A HIGHLY DESIRABLE AREA! 5 ACRES OF RETAIL DEVELOPMENT LAND AVAILABLE WITH A RESIDENTIAL STRUCTURE ON IT ZONED COMMERCIAL BUT CURRENTLY USED AS RESIDENTIAL WITH A SPECIAL USE PERMIT. THE RESIDENCE WAS BUILT IN 1936 FOR THE FERRIS FAMILY AND HAS BEEN UPDATED OVER THE YEARS, WELL MAINTAINED. THE PROPERTY IS A HIGHLY COVETED LOCATION FOR A POTENTIAL NEW COMMERCIAL-RETAIL DEVELOPMENT, SUCH AS A FAST FOOD LOCATION, BANK, CREDIT UNION, MEDICAL OFFICE, GROCERY STORE, GAS STATION, NEW COMMERCIAL OFFICE, HOTEL OR OTHER COMMERCIAL TYPES. IT IS SANDWICHED BETWEEN THE TA TRUCK STOP AND CRACKER BARREL RESTAURANT. IT IS DIRECTLY LOCATED ACROSS FROM THE OFF RAMP OF I-75, IN FACT YOU ARE LOOKING RIGHT AT IT AS YOU ARE ARE THE STOP LIGHT!! I SUPPOSE IT MAY BE POSSIBLE WITH TOWNSHIP AND SITE PLAN APPROVAL TO KEEP THE RESIDENCE IN PLACE AND REDEVELOP THE LAND AROUND IT. IT WOULD DEPEND ON WHAT THE NEW DEVELOPMENT WOULD BE AND IF THE TWP APPROVES OF IT BEING LEFT ON SITE THEREFORE, WITH TWP APPROVAL, THE PROPERTY MIGHT STILL QUALIFY FOR RESIDENTIAL USE WITH A SPECIAL USE PERMIT, SEE THE TWP FOR ALL THE DETAILS AND APPROVALS. OTHERWISE, CONVERTING THE HOUSE TO COMMERCIAL USE, MOVING THE HOUSE OR REMOVING THE HOUSE (DEMO) MAY BE LIKELY OPTIONS! CALL FOR ALL THE DETAILS. THIS IS PRIVATE PROPERTY AND ALL SITE VISITS MUST BE SCHEDULED- DO NOT APPROACH THE PREMISES OR DRIVE INTO THE LAND TOWARDS THE RESIDENCE.

    Neighborhood

    48722 (Bridgeport) Demographics

    51 Median Age
    166 Population Density (per sq. mile)
    29% College Educated
    $54,777 Estimated Median Income
    1,125 Estimated Total Home Owners
    123 Estimated Total Renters
    90% / 10% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,873 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $160,000 Median Sales Price
    1 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $725,000
        6/7/2024 10:13:00 AM New in Database Source: Multiple Listing Service New Value: $725,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the IDX program of the Midland MLS. Information provided is deemed reliable but not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.