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    306 W Russell St Hubbardston, MI 48845

    For Sale
    $424,900

    MULTI_FAMILY - Hubbardston, MI

    Lot size:
    1.59 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 306 W Russell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 8, Bathroom 1, Bathroom 6, Bedroom 5, Bedroom 7, Bathroom 7, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 9, Bedroom 1, Bedroom 4, Bedroom 10, Bathroom 2
    Bedrooms
    10
    APN
    091-060-000-690-10
    Parking
    38
    Parking features
    Driveway
    Lot size
    1.59 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    1973
    Number of units
    7
    Building materials
    Block
    Roof type
    Rubber, Composition

    Greenridge Realty Inc. (616) 974-5042 [email protected]

    Listing agent Darin K Elliott (616) 902-2235

    Listing date Aug 13, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Hubbardston Multifamily Investment Opportunity

    This unique investment property in Hubbardston, MI, offers a substantial 15,000+ sq ft building that was originally a school. It now features 5 two-bedroom residential apartments, multiple office spaces, multiple bathrooms, a full kitchen, and a 42x65 gym. The entire building, including all apartments, is zero grade with wide-open floor plans. The gym is currently being converted into 11 or more 10x10 climate-controlled storage units. The building is mechanically sound and has a new roof that was installed approximately 7 years ago. Situated on a 1.5-acre site, the property provides ample parking and a large greenspace, including a playground area. This property offers unlimited possibilities and potential for various uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hubbardston Storage Units Self-Storage Facility

    Suggested Use

    Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel Kitchen & Bath Food Market Storage Facility Grocery Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hubbardston
    County
    Ionia
    State
    Michigan
    Longitude
    -84.840031
    Latitude
    43.097065

    Nearby Similar for Sale

    • $424,900
      15,225 SF

      Hubbardston Investment Opportunity

      15,000+ sq ft building with apartments, offices, gym, storage.
      306 W Russell St, Hubbardston, MI 48845
      View Details

    FAQs

    What type of property is this?
    Investment property - Solid investment property with apartments, offices, gym, and storage.
    Where is this investment property located?
    The property is located at 306 W Russell St Hubbardston, MI.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Large 15,000+ sq ft building with diverse potential uses (residential, office, storage).; - Includes 5 x 2 Bed residential apartments.; - 1.5 Acre site with ample parking and greenspace including a playground.
    (616) 902-2235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 W Russell St Hubbardston, MI 48845
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