Property profile

9334 River Rd Algonac, MI 48001

FOR SALE
Commercial land
Property ID
US43-4558560
Built 1971
Saved · see the list in your Dashboard

Property summary

AI-generated overview

~~~SELLER WILL LOOK AT ALL OFFERS-EXTREMELY MOTIVATED~~~ Versatile Commercial Facility 24 Bedrooms | 23 Baths | 25,000 Sq Ft | C2 Zoning | 2.7 Acres!!! Unlock a rare opportunity to own a well-built, flexible commercial property with 25,000 sq ft of usable space on 2.7 acres in beautiful Algonac, MI. Zoned C2, this solidly constructed facility offers immense potential for a variety of business ventures including: ADULT FOSTER CARE, REHAB CENTER, VETERANS CARE FACILITY, BED & BREAKFAST/HOSPITALITY, ASSISTED LIVING/LODGING, DAYCARE/SCHOOL. Key Features: 24 Private Bedrooms | 21 Full Baths | 2 Half Baths. Fully operational commercial kitchen with walk-in cooler and freezer, LED lighting, and all equipment. Spacious day room with fireplace, and seating for 50+ people. Furnished banquet hall with adjacent patio, seating up to 50 guests. Each room includes individual HVAC controls. Full laundry facility with washer/dryer, linens, and supplies. On-site salon/barber room, 3 staircases, and solid-core doors. Sound-resistant concrete second floor for safety and noise control. ADA accessible areas for inclusive operations. Unfinished 1,000 sq ft apartment above 3-car garage (roughed in for 2 bed/2 bath + kitchen/lounge). Infrastructure Highlights:(2) 500,000 BTU Lochinvar high-efficiency boilers. Lochinvar hot water system with dual 119-gallon reserve tanks. Epoxy-finished Floors, 2 sump pumps, and 2x6 staggered insulated walls. Slate tile and hardwood floors, newer roof (10–12 years old). On-site residential-style parking, front desk & welcoming lobby. Located on the Blue Water bus line, with walking/biking path to Algonac State Park. Close to Downtown Algonac & Marine City with river views. This turnkey facility is code-compliant and nearly move-in ready, requiring only minor updates for design personalization. Ideal for owner-operators, nonprofit organizations, or investors seeking a high-demand, multi-functional care or hospitality property. bikeScore: 28, Somewhat Bikeable walkScore: 4, Car-Dependent

Property profile

Verified
Property type Commercial land
Year built 1971
UPID US43-4558560

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
  • Nursing Home Retirement Community

Location

9334 River Rd Algonac, MI 48001
Algonac metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message