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    OFF-MARKET
    Skating rinks

    200 Clinton St, Albion, MI 49224-1639

    14,754 SF 0.69 ac lot Built 1910
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US43-2091701
    Property summary
    AI-generated overview

    This expansive 14,754 square foot industrial property located at 200 N Clinton, Albion, MI, presents a unique investment opportunity. Previously a skating rink, this building boasts a rich history and significant potential for redevelopment. The property sits on a 0.14-acre lot and includes a full kitchen, a large skating floor (requiring repairs), multiple bathrooms, and a substantial parking area. Numerous additional rooms and amenities are also present. The building is being sold "as is," with no repairs provided by the seller. This presents a chance for a buyer to envision and execute their own renovation plan, transforming this historic space into a thriving business. The property benefits from the ongoing downtown revitalization efforts and the "Big Albion Plan," suggesting a positive trajectory for the area and increased potential for return on investment. The substantial square footage offers versatility for a wide range of uses, making it an attractive prospect for entrepreneurs and investors alike. The asking price is $215,000.

    Property profile
    Verified
    Property type Skating rinks
    Use group SKATING RINK, ICE SKATING, ROLLER SKATING
    Year built 1910
    Total area 14,754 SF
    Lot 0.69 ac (30,100 SF)
    Zoning code CBD
    APN 51-000-580-04
    UPID US43-2091701
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Double Vision Center Community Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Plassman Properties Family LP · 18 yrs held
    Plassman Properties Family LP
    since 2007
    1 recorded transaction
    2007
    $65,000
    Zoning & alternative use
    CBD · Albion, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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