Property profile

15198 Main St Buchanan, MI 49107

OFF-MARKET
Commercial real estate
Property ID
US43-3265886
8.71 ac lot Built 1950
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional business opportunity presents a substantial brick building encompassing over 29,957 square feet situated on a generous 8.71-acre lot in Buchanan, Michigan. The property's history includes prior use as a hospital, though it has been vacant for an unspecified period. The building's current condition is unknown, and potential buyers should be prepared to conduct their own due diligence. Given the property's size and location, it offers significant redevelopment potential for a variety of commercial uses. The sale is strictly cash only, reflecting the "as-is" condition of the property. No information regarding the building's history or internal systems is available from the current owners. Prospective buyers are strongly encouraged to conduct thorough inspections and assessments to determine the feasibility of their intended use and to account for any necessary renovations or repairs. The expansive acreage provides ample space for expansion, parking, or outdoor operations. This presents a unique chance to acquire a large-scale property in a desirable location at a compelling price point. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Lot 8.71 ac (379,408 SF)
Zoning code R-RA
APN 06-0023-0001-03-3
UPID US43-3265886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15198 Main St Buchanan, MI 49107-8119
Buchanan metro Census 20100 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$290k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2025
Price N/A
2020
Price N/A
2019
Price N/A
2016
Price N/A
2005
$25,000

Zoning & alternative use

R-RA · Buchanan, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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