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    400 Dexter Rd Eaton Rapids, MI 48827

    For Sale
    $1,200,000

    15 Acres, Redevelopment Opportunity

    Property size:
    45,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 15.14-acre property in Eaton Rapids, Michigan, presents a unique redevelopment or backfill opportunity. The vacant, 45,626-square-foot former charter school building, built in 1953, offers significant potential. Priced at $1,200,000 ($26.30/sq ft), this fee-simple property is well below replacement cost. The RD1 residential zoning allows for diverse uses. The site boasts 100 surface parking spaces and is conveniently located near major retailers like Rite Aid, Dollar General, and Speedway. Its prime location offers easy access to Lansing (25-minute drive) and Capital Region International Airport (35-minute drive). The area enjoys a high average household income of $77,000. This single-unit, Class B property is a compelling investment prospect for developers and entrepreneurs seeking a strategic location in a thriving community. The property is currently vacant and ready for immediate development.

    Property Features for 400 Dexter Rd

    General Information

    Property type
    Schools
    Square Feet
    45,626 SF
    Class
    B
    Lot Size
    659,498 SF

    Building Details

    Year Built
    1953
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RapidLeaf Agricultural Production Northwestern Elementary School Elementary School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eaton Rapids
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6638661
    Latitude
    42.5203596

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    FAQs

    What type of property is this?
    School - 15 Acres, Redevelopment Opportunity
    Where is this school located?
    The property is located at 400 Dexter Rd Eaton Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    400 Dexter Rd Eaton Rapids, MI 48827
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    Eaton Rapids, MI 48827
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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
    400 Dexter Rd Eaton Rapids, MI 48827
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