Property summary
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
VerifiedCap rate & NOI
Current use
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Community Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CBD · Albion, MIThe Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Albion, MI.
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