405 4th St, Blanchard, MI 49310-9578
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.