26755 Ballard St, Harrison Township, MI 48045-2419
This exceptional 106,518 square foot property, situated on 13 acres in Harrison Township, Michigan, presents a unique redevelopment opportunity. The vacant building, a historically significant Albert Kahn-designed structure built in 1925, previously served as St. John Hospital. The three-story building, featuring a full basement with plumbing in most rooms (some with jack-and-jill arrangements), boasts a fully repaired slate roof and a complete fire suppression system. The property includes 173 paved parking spaces. Zoned RM-1, permitted uses include apartments, nursing homes, group day care, and senior housing. Preliminary plans exist for subdividing the land for additional residential development. Its prime location, less than a mile from Lake Saint Clair and I-94, offers easy access to amenities and major transportation routes. Nearby attractions include Harrison Township Waterfront Park, Metropark, and Nature Center, along with restaurants, beaches, and marinas. The property's size and versatility make it ideal for a variety of projects, including senior housing, assisted living facilities, multi-family developments, medical facilities, or educational institutions. The potential for Brownfield funding further enhances its investment appeal. Asking price is $2,900,000. The property consists of 100 units across one building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OFFICE MEDICA · Harrison Township, MIHarrison Township. 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.