26755 Ballard StHarrison Township, MI 48045

Property Details for 26755 Ballard St

Year built

1982

Lot size

5.18 AC

Property size (Sq ft)

6,400 SF

Zone code

OFFICE MEDICA

Property type

Healthcare properties

Property subtype

Medical offices

APN

17-12-30-151-004

APU

171230151004

Description

This exceptional 106,518 square foot property, situated on 13 acres in Harrison Township, Michigan, presents a unique redevelopment opportunity. The vacant building, a historically significant Albert Kahn-designed structure built in 1925, previously served as St. John Hospital. The three-story building, featuring a full basement with plumbing in most rooms (some with jack-and-jill arrangements), boasts a fully repaired slate roof and a complete fire suppression system. The property includes 173 paved parking spaces. Zoned RM-1, permitted uses include apartments, nursing homes, group day care, and senior housing. Preliminary plans exist for subdividing the land for additional residential development. Its prime location, less than a mile from Lake Saint Clair and I-94, offers easy access to amenities and major transportation routes. Nearby attractions include Harrison Township Waterfront Park, Metropark, and Nature Center, along with restaurants, beaches, and marinas. The property's size and versatility make it ideal for a variety of projects, including senior housing, assisted living facilities, multi-family developments, medical facilities, or educational institutions. The potential for Brownfield funding further enhances its investment appeal. Asking price is $2,900,000. The property consists of 100 units across one building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,331,106

  6.5%

  $1,228,714

  7%

  $1,140,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,656

  Geo Method

  $598,656

• Alternative Use

  Use

  Valuation

  Residential

  $1,523,605

  Hospitality

  $1,395,614

  Educational

  $1,161,134

  Medical

  $1,201,068

  Retail

  $1,806,209

Location Insight

City

Harrison Township

County

Macomb

State

Michigan

Latitude

42.567

Longitude

-82.8507

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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