1380 Main St Edmore, MI 48829

This exceptional commercial property in Edmore, Michigan, offers 25,294 square feet of versatile space on a 2.13-acre lot (APN: 04162801600). Currently, 6,879 square feet is occupied by a fully renovated 10-bed Adult Foster Care home with central nursing stations, a lobby, activity areas, and offices. The adjacent space, a former hospital and therapy center, features wide hallways, automatic doors, a therapy pool, and lead-lined x-ray room – offering significant expansion potential for healthcare uses. Additional space, previously used for warehouse and storage, is currently rented month-to-month. The property boasts excellent visibility and accessibility in a desirable commercial area. Built in 1992 and renovated in 2023, this single-story building is zoned commercial and offers a compelling investment opportunity with a 5.82% cap rate and a net operating income (NOI) of $87,360. The asking price is $1,500,000 ($59.30/sq ft). Multiple uses are possible, including expansion of the existing AFC home, urgent care, hospital, animal hospital, dental office, church, retail, or warehouse. This property presents a unique chance to acquire a substantial, adaptable commercial space with strong income potential.