2540 Michigan City LN, Salem, OR

Land for Sale - $1,460,000


Agent Info

Shadya Jones
Coldwell Banker Commercial Mountain West Real Estate

Property Info

CIMLS#1119738
Location
  2540 Michigan City LN
  Salem OR 97304
UpdatedApril 12th, 2022
TypeLand
Price$1,460,000

Property Description

Outstanding Residential Development opportunity located in the highly desirable West Salem Community! The sale consists of an assemblage of two separate tax lots; one is currently in Farm Deferral, an approximately 2873/SF single-family residence with 4/bd and 2.5/baths, and one shop approximately 1920/SF, and one barn.

The property does have the potential to develop rental income while going through the approval process.

Currently zoned Polk County (SR) Suburban Residential Inside the Urban Growth Boundary for the City of Salem Designated (DR) Developing Residential in the Salem Area Comprehensive Plan Flat topography In the direct path of progress for residential development Stunning views of the Cascade Mountain Range Properties are being sold at AS-IS Where Is Condition Buyer responsible for all due diligence


Financials



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