213 Palmer St, Rives Junction, MI 49277
Two rented units with a pole barn for storage, plus a sale-leaseback and agreed 36-month buy-back.
- Added:
- Jun 1, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 2:03 am
Property Features for 213 Palmer St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agent Doug Beiswanger License #6502425012 (517) 914-9555
Listing office Beiswanger and Risner RE Group (517) 914-9555
Listing date Jun 1, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Beiswanger and Risner RE Group
HighLights
- Two‑unit rural duplex with in‑place rentals: Unit 1 at $2,500/month and Unit 2 at $650/month
- Unit 1 features 4 bedrooms, 2 bathrooms, a finished basement, and a pole barn for on‑site storage
- Unit 2 offers 2 bedrooms, 1 bathroom, and a kitchenette area
- Sale‑leaseback structure is intended to keep a tenant in place after closing
- Agreed 36‑month buy‑back component included as part of the sale‑leaseback arrangement
- Outbuildings include an on‑site pole barn suitable for storage, vehicles, or equipment
Overview
The seller is specifically seeking an investor to complete a sale-leaseback transaction, with the property leased back to continue occupancy and operations. The arrangement includes an agreed 36-month buy-back component. As described, the sale is structured to be conveyed below current appraised value. The property is located at 213 Palmer St in Rives Township, Jackson, MI 49277, in a rural setting described as offering privacy while remaining within reasonable access to nearby towns, services, and employment corridors. Walkability is limited, with a reported walk score of 4 and bike score of 25.
For buyers seeking income-producing real estate, this duplex provides in-place rental income from two units with different bedroom counts and rent levels. The sale-leaseback structure is intended to keep a committed tenant in place from day one, while the contracted 36-month buy-back provides defined exit timing tied to the transaction terms.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rives Junction
- County
- Jackson
- State
- Michigan
- Longitude
- -84.46042
- Latitude
- 42.384518
