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    OFF-MARKET
    Office buildings

    205 Scott St, Grand Ledge, MI 48837-1564

    8,324 SF 0.55 ac lot Built 1879
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-2400036
    Property summary
    AI-generated overview

    This exceptional 10,672 square foot property in Grand Ledge, Michigan, presents a unique redevelopment opportunity. Located at 205 W Scott St, this 0.55-acre lot features two buildings, constructed in 1879 and 1960, with a combined two stories and 8-20 foot ceilings. Previously used as a church and school, and more recently as office condos, the property is vacant as of August 1, 2024, and zoned for commercial use. The asking price is $329,900 ($30.91/sq ft, $164,950/unit). The property boasts ample parking and is situated in the heart of downtown Grand Ledge. Prior studies indicate the availability of local, state, and federal grant funding for facade improvements, demolition, and structural enhancements. The city of Grand Ledge, along with MEDC and LEAP, are eager to collaborate with the new owner on this project. This is a prime location with significant potential for various uses. The property includes two units and has a permitted commercial zoning. The APN is 400-000-640-015-00.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1879
    Total area 8,324 SF
    Lot 0.55 ac (23,958 SF)
    Zoning code R-MD
    APN 400 000 640 015 00
    UPID US43-2400036
    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
    • Snug Home Program Charitable Organization Social Service Agency
    • GLES Association / Organization
    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
    Rad Dad Industries LLC · 1 yrs held
    Rad Dad Industries LLC
    since 2025
    Last sale
    $235,000
    6 recorded transactions
    2025
    $235,000
    2023
    2021
    2016
    $105,000
    2014
    2005
    $370,000
    Zoning & alternative use
    R-MD · Grand Ledge, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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