$550,000 8729 Old Us-31 Berrien Springs, MI

MLS: 15031387   Type: Lot-Land   County: Berrien   City: Berrien Springs   Area: Oronoko Twp   Neighborhood: Oronoko Twp   Zip: 49103   Style: Commercial Land     Taxes: $5,575

Mortgage $2,582 /mo



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AMAZING OPPORTUNITY: This 4+ acres in Berrien Springs sits on Old 31 and is only a few hundred feet from the US-31 Bypass interchange. New Buyer may apply for Tax abatement that is available from the township which is a substantial savings. Ideal space for a hotel and/or major restaurant chain. Already approved for municipal water/sewer. Timing could coincide with the EXPO and equestrian arena opening, which will attract hundreds of thousands of people and is projected to generate millions of dollars in revenue for area restaurants, hotels, and countless service-related businesses. Road frontage on Old US-31 is approximate. Buildings on property have been given no value.

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Price History

6/17/2015 Listed $875,000
4/26/2016 32% - $600,000
3/7/2017 25% - $450,000

Homestead % 0.00
Municipality Oronoko Twp
School District Berrien Springs
Sub-area S50 - Berrien Springs School
Terms Available Cash/Conventional
Zoning 201 Commercial

Exterior Features

Lot Description Buildable, Level
Road Frontage 500.00
Waterfront No

Property Schools

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Property vs Zip Code Avg (49103)

Price 550K Avg 157K

Taxes $5,575 Avg $859

Acres 4.22 Avg 11.24

Visits 162 Avg 196

Days on Site 1,005 Avg 598

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Listing Provided Courtesy Of: Sonja K Riedlinger at Keller Williams Realty SWM - (269) 469-2911

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New Buffalo, MI