8900 Colby Rd, Greenville, MI 48838
This exceptional 5,480 square foot special purpose property, situated on approximately two acres in Greenville, Michigan, presents a rare investment opportunity. Built in 1967, this mid-century modern structure boasts sturdy block construction and sits peacefully with lake views. The sanctuary comfortably seats approximately 200 people, including balcony seating. The property also includes a generous social space furnished with tables and chairs, four offices, and two sizable restrooms. A fully equipped commercial kitchen, featuring ample counter space and cabinetry, is also present. A recent survey separated this property from the adjacent parsonage. The building is currently tax-exempt and sits on a slab foundation. A shed provides additional storage. Significant renovations were completed approximately 20 months ago, addressing a plumbing leak and resulting in a thorough cleaning down to the studs. The property's permitted commercial zoning opens the door to a variety of potential uses, including residential conversion, non-profit operations, office space, or an event center. The asking price of $299,000 makes this a compelling proposition. The property's well-maintained condition and prime location contribute to its significant potential. This is a truly unique opportunity for a discerning buyer.
-
Turk Lake United Methodist Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.