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    OFF-MARKET
    Industrial properties

    351 Bay Mid County Line Rd, Midland, MI 48642

    5,568 SF 3 ac lot Built 1919
    Property ID
    US43-1391794
    Property summary
    AI-generated overview

    This exceptional 5,568 square foot assisted living facility is situated on a 3-acre lot in Midland, MI, at 351 S Bay Mid County Line. The property offers abundant natural light through large windows and an open design, creating a welcoming and comfortable atmosphere. Multiple spacious living rooms provide ample areas for social interaction and relaxation. Accessibility is a key feature, with strategically placed handicap ramps ensuring easy navigation throughout the building. The property includes oversized decks, ideal for outdoor enjoyment and entertaining. Currently, 12 of the 18 available beds are rented, presenting an immediate income stream and potential for future growth. The property's serene country setting provides a tranquil environment for residents. This well-maintained facility is designed to support a high quality of life, offering a blend of functionality and peaceful surroundings. The property's size and features make it an attractive investment opportunity in the thriving Midland market. The building's design prioritizes both resident comfort and ease of access, making it a desirable option for assisted living needs. The existing rental income provides a strong foundation for a successful investment.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1919
    Total area 5,568 SF
    Lot 3 ac (130,680 SF)
    UPID US43-1391794
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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