Property profile

351 Bay Mid County Line Rd Midland, MI 48642

OFF-MARKET
Industrial properties
Property ID
US43-1391794
5,568 SF 3 ac lot Built 1919
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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

Location

351 Bay Mid County Line Rd Midland, MI 48642
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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