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8900 Colby Rd Greenville, MI 48838

OFF-MARKET Specialty properties Google Maps
5,480 SF 2 ac lot Built 1967
Estimated value
No estimation on file for this property yet.
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 Specialty properties
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

Current use

Occupant on record · Public records
  • Church

Value estimations

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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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