Property profile

405 4th St Blanchard, MI 49310

OFF-MARKET
Commercial real estate
Property ID
US43-1884434
3.44 ac lot
Entity Owned Free & Clear
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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

Location

405 4th St Blanchard, MI 49310-9578
Blanchard metro Census 300 MOUNT PLEASANT, MI MICROPOLITAN STATISTICAL AREA
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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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