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    Former School on 4.8 Acres Title is generated by Realmo AI

    900 Oak, Lennon, MI 48449

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    For Sale
    $249,900

    Commercial/Industrial - Lennon, MI

    Property size:
    26,000 SF
    Lot size:
    4.80 Acres
    Price / SF:
    $9/SF
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 7:06 am

    Property Features for 900 Oak

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Residential
    Parking features
    Parking Lot
    Interior features
    ADA Accessible, Bath, Cable TV Available, Gas Available, Pole Sign, Private Restrooms, Public Restrooms, Reception Area, Security Equipment
    Exterior features
    Ada Accessible
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    008-66-024-00
    Size
    26,000 SF
    Lot size
    4.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2531

    Utilities

    Utilities
    Cable Available

    Building Details

    Building materials
    Block, Brick
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucy Ham

    Listing agent Lucy Ham License #122522

    Listing office Ham Group Realty 124 E. Main St., Flushing, MI

    Listing date May 26, 2026

    MLS# 50209123 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 26,000 sq ft building on 4.8 acres
    • Adjoins community park on a cul‑de‑sac street
    • Versatile space suitable for child care, residential conversion, or commercial projects
    • Features a gym, offices, classrooms, and bathrooms
    • ADA accessible with ample parking
    • City sewer and utilities (Cable, Gas) available

    Overview

    This expansive 26,000 sq ft former Doyle Elementary School is situated on 4.8 acres of land. The property adjoins the community park and is located on a cul de sac street. The cement block brick building includes a gym, offices, classrooms, and bathrooms. It is connected to city sewer. The property's zoning is residential, but its versatile space and parking area are suitable for various uses, including child care, residential conversion, or a commercial project. The property is being sold "as is". The property consists of tax parcels 70-021-000 and 008-66-024-00.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Department Store Kitchen & Bath Showroom Accounting Firm Grocery & Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lennon
    County
    Genesee
    State
    Michigan
    Longitude
    -83.932325
    Latitude
    42.985005

    Nearby Similar for Sale

    • $289,900
      1,842 SF

      Mixed-Use Property on M-21

      Mixed-use property with retail space and a four-bedroom apartment.
      11424 W Corunna Road, Lennon, MI 48449
      View Details
    • $260,000
      2,166 SF

      Profitable Tavern with Real Estate

      Turnkey bar and restaurant with real estate and liquor license.
      11935 Lennon Rd, Lennon, MI 48449
      View Details

    FAQs

    What type of property is this?
    School - 26,000 sq ft former school on 4.8 acres.
    Where is this school located?
    The property is located at 900 Oak Lennon, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Expansive 26,000 sq ft building on 4.8 acres; Adjoins community park on a cul‑de‑sac street; Versatile space suitable for child care, residential conversion, or commercial projects
    (810) 659-6569
    We can help!
    Listing Contact
    Lucy Ham
    Real Estate License ID: 122522
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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