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    3492 Main St Ravenna, MI 49451

    For Sale
    $560,000

    Licensed care home with historical landmark house on almost acre.

    Lot size:
    0.98 Acres

    Property Features for 3492 Main St

    General Information

    Lot size
    0.98 Acres

    Building Details

    Year built
    1895

    Source: Five Star Real Estate (Main) Agent Mike M Kuzawa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Licensed Adult Care Home For Sale

    This established care home, built in 2017, is available for sale. It is licensed for 6 residents and features 5 rooms, including 3 private and 2 semi-private rooms. The property also includes the Tibbits House, a historical landmark in Ravenna for over 100 years, showcasing original hand-carved trim, valances, and a staircase. The Tibbits House has an upstairs apartment, four additional bedrooms, and a large kitchen. The property spans almost an acre. It is suitable for use as an adult care home, and potentially also as a daycare, foster home, or shelter.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Similar Places Nearby

    Crockery Creek Elder Care Inc

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Muskegon
    State
    Michigan
    Longitude
    -85.9360321
    Latitude
    43.1899242

    Nearby Similar for Sale

    • $225,000
      640 SF

      Ravenna Office Building For Sale

      Standalone office building in Ravenna, suitable for various businesses.
      3805 S Ravenna Rd, Ravenna, MI 49451
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Licensed care home with historical landmark house on almost acre.
    Where is this assisted living facility located?
    The property is located at 3492 Main St Ravenna, MI.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - Licensed Adult Care Home approved for 6 residents; - Additional Tibbits House with Historical Landmark status; - Almost an acre of land
    (616) 293-4218
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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
    3492 Main St Ravenna, MI 49451
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