Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    21599 Parke Ln Ln Grosse Ile, MI 48138

    For Sale
    $395,000

    Former convent for multifamily, senior living, or single-family conversion.

    Lot size:
    0.50 Acres

    Property Features for 21599 Parke Ln Ln

    General Information

    Lot size
    0.50 Acres

    Building Details

    Year built
    1950

    Source: CRS Commercial R E Serv Agent Leo Gonzalez

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

    Overview

    Former Convent Multifamily Conversion Opportunity

    This is a 5200 square foot former convent, structurally in great shape. The parcel may be sold separately, subject to a split for which the buyer will incur the costs and all development costs. The property can be used for multi-family conversion of the 6 apartments, senior licensed assisted living, or converted back to a single-family home. The convent may require rezoning for the above uses. The township is open to new development. The church will remain. Concept plans and floor plans are available. This is part of a future development consisting of an opportunity for apartments, homes, and condos on the island of Grosse Ile, well-located to the east river. The opportunity consists of a 2.9-acre former baseball field and a 7.5-acre wooded area. The property can be purchased in whole or part. The heavily wooded parcel includes utilities.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Similar Places Nearby

    Island House Senior Living

    Map

    City
    Grosse Ile
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1574
    Latitude
    42.1357

    Nearby Similar for Sale

    • $500,000

      Versatile Commercial Property in Grosse Ile

      Retail, office, and industrial spaces with ample parking.
      8604 Macomb St, Grosse Ile, MI 48138
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Former convent for multifamily, senior living, or single-family conversion.
    Where is this assisted living facility located?
    The property is located at 21599 Parke Ln Ln Grosse Ile, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - 5200 sq ft former Convent structurally sound.; - Potential for multi-family conversion (6 apartments), senior assisted living, or single-family home (subject to rezoning).; - Located on Grosse Ile, part of a future development opportunity.
    (734) 846-8045
    Request Owner's contact information
    21599 Parke Ln Ln Grosse Ile, MI 48138
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21599 Parke Ln Ln
    Grosse Ile, MI 48138
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    21599 Parke Ln Ln Grosse Ile, MI 48138
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.