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    OFF-MARKET
    Churches & religious facilities

    8900 Colby Rd, Greenville, MI 48838

    5,480 SF 2 ac lot Built 1967
    Property ID
    US43-3930997
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1967
    Total area 5,480 SF
    Lot 2 ac (87,120 SF)
    UPID US43-3930997
    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
    Current use
    Occupant on record · Public records
    • Turk Lake United Methodist Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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