Multifamily Development Opportunity

300 E Kipp Rd Mason, MI 48854

300 E Kipp Rd, Mason, MI, 48854
300 E Kipp Rd, Mason, MI, 48854 300 E Kipp Rd, Mason, MI, 48854 300 E Kipp Rd, Mason, MI, 48854 300 E Kipp Rd, Mason, MI, 48854
FOR SALE
Property Type:
Multifamily Land
Amount:
$2,500,000
Last Verified:
Nov 20, 2023


Description

Amazing City of Mason location, steps from Mason High School, just off US 127 and minutes from the Capitol, this is one of the most compelling multifamily development sites in the Mid Michigan market.
Mason is the county seat of Ingham County, which is home of the State capitol. Mason is also home to the world headquarter of Dart Container, makers of Solo Cup and world-famous disposable drinking cups. US 127 gives easy access to Lansing and State of Michigan offices, as well as the West side Auto Owners Insurance campus, Farm Bureau Insurance Campus, two General Motors plants, the State of Michigan Secondary complex, Amazon, Meijer Warehouse, not to mention several Tier 1 auto suppliers and the soon to be built GM Battery facility.
The site is just off US 127 and next to Mason High School. A Meijer store is nearby as well as restaurants, banking and other shopping. The Hayhoe River Trail offers walking and biking on the property into downtown Mason and continues into Holt and right into the City of Lansing.
The site has already been improved with a storm water detention pond, greatly reducing the development time and adding huge value to the property. City water and sewer are both on property, as well as gas and electric.
The City of Mason is looking forward to making development on this key parcel attractive and economically viable through its zoning.

Mason, South of Lansing

Building Size: 0sq ft
Lot Size: 37.16 acres

Map of 300 E Kipp Rd, Mason, MI, 48854

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.