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    OFF-MARKET
    Commercial real estate

    405 4th St, Blanchard, MI 49310-9578

    3.44 ac lot
    Entity Owned Free & Clear
    Property ID
    US43-1884434
    Property summary
    AI-generated overview

    This exceptional 33,000 square foot property located at 405 S. Fourth Street in Blanchard, Michigan, presents a unique redevelopment opportunity. Situated on a generous 4.6-acre lot, this former elementary school, closed in 2008, offers endless possibilities for adaptive reuse. The building's substantial size and versatile layout provide ample space for a variety of projects. Potential uses could include a community center, technical school, nursing facility, assisted living facility, museum, library, daycare center, or self-storage facility. The gymnasium, while showing its age, remains largely functional, featuring bleachers, basketball hoops, and a scoreboard. Some areas, including former offices and a lounge, previously had air conditioning. Prospective buyers should be aware that a mold evaluation has been previously conducted, and evidence of mold is present within the building. Any and all necessary inspections and evaluations are the responsibility of the purchaser, subject to the seller's consent. The property is priced affordably at $50,000, making it an attractive investment for developers seeking a substantial footprint in a desirable location. The property's address is 405 4th St, Blanchard, MI 49310. This is a rare chance to acquire a significant property with immense potential in Isabella County.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 3.44 ac (149,846 SF)
    APN 12-050-32-041-00
    UPID US43-1884434
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    COURSER COMMUNITY CENTER INC
    COURSER COMMUNITY CENTER INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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