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Scholl & Satterly Lake Rd 114.6 Acres of Commercial Land Offered at $799,888 in Mancelona, MI 49659
Investment Highlights
- Opportunity Zone designation offers potential long-term tax benefits for development and investment.
- Cannabis Class C Cultivation license with unlimited stacking rights included, enhancing operational value.
- Electrical service available on-site, with utility upgrade options through Consumers Energy.
- Unzoned property permits flexible agricultural and cannabis-related uses without restrictive land guidelines.
- Proximity to M-66 and US-131 ensures efficient regional connectivity for transportation and logistics.
- Township supports additional licensing for retail, processing, and indoor cultivation to scale operations.
Executive Summary
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.
Property Facts
| Price | $799,888 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Lease Option | Total Lot Size | 114.60 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Zoning | AG - Agricultural Zoned District | ||
| Price | $799,888 |
| Sale Type | Investment |
| Sale Condition | Lease Option |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 114.60 AC |
| Opportunity Zone |
Yes |
| Zoning | AG - Agricultural Zoned District |
1 Lot Available
Lot
| Price | $799,888 | Lot Size | 114.60 AC |
| Price Per AC | $6,979.83 |
| Price | $799,888 |
| Price Per AC | $6,979.83 |
| Lot Size | 114.60 AC |
Description
The subject property is located in Mancelona Township at the northeast corner of Scholl Road and Satterly Lake Road, adjacent to regional thoroughfares including M-66 and near US-131. The parcel encompasses 114.6 acres of generally flat land currently unzoned by the township. Electric service is present on the site with provisions for upgrade. Surrounding uses include retail, quick-service dining, and fuel stations, with nearby tenants such as Dollar General, McDonald’s, and BP. The property lies within an Opportunity Zone and features eligibility for agricultural and outdoor cultivation activities under township regulations.
Property Taxes
| Parcel Number | 05-11-109-016-30 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $64,000 |
Property Taxes
Presented by
Scholl & Satterly Lake Rd
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