Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
OFFICE MEDICA · Harrison Township, MIZoning
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Zoning designation
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