Scholl & Satterly Lake Rd - Commercial LAND FOR SALE


Mancelona, MI 49659 4,991,976 SF
$799,888 USD
248-752-1276
Scholl & Satterly Lake Rd, Mancelona, MI for Sale
$799,888 USD
Commercial LAND - FOR SALE
1/2
4,991,976 SF

Scholl & Satterly Lake Rd
Mancelona, MI 49659


HIGHLIGHTS

  • Opportunity Zone designation offers potential long-term tax benefits for development and investment.
  • Unzoned property permits flexible agricultural and cannabis-related uses without restrictive land guidelines.
  • Cannabis Class C Cultivation license with unlimited stacking rights included, enhancing operational value.
  • Proximity to M-66 and US-131 ensures efficient regional connectivity for transportation and logistics.
  • Electrical service available on-site, with utility upgrade options through Consumers Energy.
  • Township supports additional licensing for retail, processing, and indoor cultivation to scale operations.

OVERVIEW

This 114.6-acre parcel in Mancelona Township represents a versatile investment opportunity for agricultural, cannabis, and mixed land development. The property is currently unzoned, enabling flexibility for diverse land use strategies, including cultivation, commercial greenhouse development, and ancillary uses. It is strategically positioned near M-66 with convenient connectivity to US-131, providing access to northern Michigan markets and transportation corridors. Available within an Opportunity Zone, this asset presents potential tax advantages for investors pursuing long-term value creation. A cannabis Class C outdoor cultivation license is included with the site, allowing unlimited licensed stacking—an uncommon feature for properties of this scale, significantly increasing its operational appeal. The property is served by single-phase electric power, with upgrade options available through Consumers Energy. Well and septic installations will be required, though cost-effective. With infrastructure readiness, favorable zoning flexibility, and municipal support for additional cannabis licensing, this property offers an exceptional platform for agricultural innovation or cannabis-centered investment strategies in a growing Northern Michigan market.

FOR SALE DETAILS

PRICE

$799,888 USD

PRICE/ACRE

$6,980/AC

PRICE/SF

$0.16 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

114.6 AC

LAND SF

4,991,976 SF

OFFSITE IMPROVEMENTS

Water, Electricity

ZONING

AG

APN/PARCEL ID

05-11-109-016-30

ASK ABOUT THIS PROPERTY

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.