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Albion 49224
919 BURSTEIN DR
$99,900
● Land - Off Market

919 BURSTEIN DR

Albion, MI 49224
bedrooms
Studio
bathrooms
0 Bath
$114,330
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Excellent development site in Albion industrial park.  Many opportunities with road frontage on both Austin and Burstein totaling over 9.5 acres.  Green zone ready.  Call today for more information.
Unit Size
-
Days on Market
-
Land Size
9.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$268
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21036890)

Price History

Date / Event Date Event Price
Mar 6, 2024 Listed by PRODUCTION REALTY $81,000
Listed by PRODUCTION REALTY
Vacant industrial zoned land ready for development! Listing includes 919 Burstein (51-001-724-00) and 923 Burstein (51-001-723-00)
Aug 9, 2021 Sold
Premium
Sold
Nov 23, 2020 Listed by GOOD EARTH REAL ESTATE, LLC $99,900
Listed by GOOD EARTH REAL ESTATE, LLC
Nov 7, 2018 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 143,748
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: INDUSTRIAL PARK SUBDIVISION # 2
  • Land Acres: 0000003300
  • Standard Land Use Code: 8002
  • County Land Use Code: 302
  • Legal Description 1: ALBION CITY, INDUSTRIAL PARK SUBDIVISION NO. 2, LOT 28SPLIT OFF 001-715-01 FOR 2018 ROLL

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003600

Zoning

  • Zoning: M2P

Geography

  • District: 51
  • Parcel: 51-001-724-00
  • Lot: 28S
  • Municipality: ALBION CITY
  • Latitude: 42.2542
  • Longitude: -84.7724

    Address

  • Full Address: 919 Burstein Dr
  • Address - House Number: 919
  • Address - Street Name: Burstein
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C006
  • 4-Digit Zip Code: 4011
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $109,700

    Market Valuation

  • Market Total Value: $34,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,100

    Sales

  • Current Sale Contract Date: Sep 27, 2018
  • Current Sale Recording Date: Nov 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Albion

Stats & Trends

Median Asking:

$135,000

Sale Price/ft²

$103

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1488 ft²

Average Home Age

107.6 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: ALEX C PERLOS, GOOD EARTH REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21036890
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 919 Burstein Drive built and last sold?
The property at 919 Burstein Drive was built in and last sold on Sep 27, 2018 for $8,628.
How much is this home worth?
The estimated value of the home located at 919 Burstein Drive is $0.
What are some comparable homes to 919 Burstein Drive?
There are currently no comparable homes to 919 Burstein Drive.
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