102 Jean St, Yale, MI 48097-2987
This 1,316 square foot industrial property in Yale, MI, sits on nearly 10 acres (9.95 acres to be exact). The property was previously operated as a licensed modular home community with 15 active sites, offering potential for expansion. Currently, five older mobile homes are included in the sale, all in as-is condition with titles provided. Each site features separate electrical meters, and city water and sewer connections (though reconnection may be necessary). The property was last licensed in 2021. Prospective buyers are responsible for verifying the feasibility of reopening the mobile home park with all relevant agencies, including the City of Yale, St. Clair County, and the State of Michigan. The previous owner is retired and makes no guarantees regarding the current possibility of reopening. The existing mobile home pads are approximately 14 feet by 60 feet. Additional structures on the property include a detached garage and a pole barn. All measurements are estimates
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.