205 Scott St, Grand Ledge, MI 48837-1564
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.
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Snug Home Program Charitable Organization Social Service Agency
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GLES Association / Organization
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
R-MD · Grand Ledge, MIGrand Ledge. Always verify with local authorities before improvements.
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.