N Us 31 Highway is aland property for lease in Berrien Springs, MI.
38.4 acres of Prime Development Land in a commercial growth area at US 31/M-139 Highway interchange. Parcel is UNIQUE - largest site adjacent to the Interchange with frontage on two roads (Edgewood Dr and M-139). Strong traffic counts. An area of the site has been perked. Has 2 acre deep water pond, hardwoods and ravine. Recently enacted ''place-based'' zoning is highly flexible and can support High Density Retail (PUD), High Density Housing, light industrial, equestrian R.V. park, etc.
Investment or development could coincide with the new ''State of the Art'' EXPO and Equestrian Center being planned for approximately 1.5 miles S.E. from the property (across from Andrews University) http://expoarena.org/, http://cstonealliance.org/index.php/ Markin consulting has stated this Center is expected to generate $30 million annually in revenue within a 25 mile radius. The EXPO will attract hundreds of thousands of people from across the country to attend the exciting lineup of events including national equine shows, music concerts, trade shows, and wind festivals.
Sewer and water is at the East side of the interchange; an extension to the property is possible within 5 years. M-139 is the Major truckline connecting interchange and South Bend to St Joseph, Benton Harbor, Harbor Shores and Whirlpool Headquarters to the north.
Recent sales of adjacent and connecting parcels have yielded a reported $45k/$40k/acre. Sellers are offering subject parcel at a reduced cost due to recent accident/life plan change. Parcel may be subdivided and seller financing may be available to qualified buyer.
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