Multifamily Development Opportunity

Rare opportunity to acquire the only vacant parcel in the area zoned R4 Multifamily. Zoning per Crystal Lake Township accommodates approximately 4.3 units per acre, or potentially 71 units total, with no limit on unit count per building. All utilities available via City of Frankfort (water and sewer lines stop at west edge of parcel). The site boasts 345 feet of frontage along well traveled Frankfort Highway (State Route M-115). Easy access to adjacent downtown Frankfort; very marketable site for future residents. Potential lake views on portions of site; site lines to Betsie Lake and Lake Michigan from NE section of site. Only 5-minute drive time to the beautiful white sands of Frankfort Public Beach, featuring a pierhead and historic lighthouse. Ideally situated between two Top 100 golf resorts - Arcadia Bluffs (20 minutes away) and Crystal Downs (9 minutes away).