Otter Lake Vlg, MI 48464,6727 SHERMAN Drive

$600,000

Est. payment /mo

$699,900

14.3%
Est.Price: ?

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6727 SHERMAN Drive Otter Lake Vlg, MI 48464

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

Annual Tax Amount $9,670

Lot Size 42.140 Acres

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

Exterior

Waterfront Description Lake Front,Water Front

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Schools

School District Lakeville

Others

Acceptable Financing Cash

Listing Terms Cash

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

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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