435 Rd Ishpeming, MI 49849
Mission Point, a former medical care facility, presents a unique investment opportunity in Ishpeming, Michigan. This single-story, 39,945 square foot building boasts 63 beds and is situated on a desirable campus-like setting. The property features a brick exterior and is exceptionally well-maintained. A key feature is the unique interior courtyard, offering outdoor views from every room. Conveniently located approximately half a mile south of US-41, it enjoys proximity to Marquette (15 miles west) and Houghton (85 miles east). The property is zoned RES and has a parcel number of 52-07-007-022-00. All public utilities are readily available and connected. The asking price is $995,000, translating to $24.91 per square foot. This presents a compelling opportunity for redevelopment or repurposing within the upscale residential community of Ishpeming Township. The property's size and existing infrastructure make it ideal for a variety of senior living projects in Michigan's Upper Peninsula. The single-story design and well-maintained condition minimize initial renovation costs. This is a rare chance to acquire a substantial property in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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