Property profile

26755 Ballard St Harrison Township, MI 48045

OFF-MARKET
Medical Office Space
Property ID
US43-1643674
6,400 SF 5.18 ac lot Built 1982
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Total area 6,400 SF
Lot 5.18 ac (225,771 SF)
Zoning code OFFICE MEDICA
APN 17-12-30-151-004
UPID US43-1643674

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician

Location

26755 Ballard St Harrison Township, MI 48045-2419
Harrison Township metro Census 247500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$345k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$425,000
1969
Price N/A

Zoning & alternative use

OFFICE MEDICA · Harrison Township, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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