Property profile

3071 Worth Rd Standish, MI 48658

OFF-MARKET
Commercial real estate
Property ID
US43-2786808
1 ac lot
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,964-square-foot property presents a unique investment opportunity. Located in Standish, Michigan, at 3071 Worth Street, this historic schoolhouse sits on a one-acre lot and is ideally situated adjacent to a casino in a high-traffic area. Currently gutted to the studs, the building offers endless possibilities for redevelopment. The expansive interior provides a blank canvas for creative vision, allowing for a wide range of potential uses. Imagine transforming this landmark into a thriving commercial enterprise, capitalizing on its prime location and high visibility. Alternatively, the property's size and layout could be easily adapted for residential conversion, potentially creating a unique vacation rental property through platforms like VRBO. The substantial square footage and ample land offer significant flexibility for a variety of projects. This is a rare chance to acquire a piece of history and shape its future. The property is priced competitively at $89,000, making it an attractive investment for those seeking a high-return project with significant upside potential. Don't miss this chance to own a piece of Standish history.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
APN 010-0-036-100-010-00
UPID US43-2786808

Cap rate & NOI

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

Location

3071 Worth Rd Standish, MI 48658-2528
Standish metro Census 970500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2018
1 recorded transaction
2018
$75,000

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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