1380 Main StEdmore, MI 48829

  • Commercial real estate
  • 2.13 AC
For Sale
$1,500,000 View listing

Property Details for 1380 Main St

Lot size
2.13 AC
Zone code
COMMERCIAL
Property type
Commercial real estate
APN
041-628-016-00
APU
4162801600

Description

This exceptional Edmore, MI property offers 25,294 square feet of versatile commercial space on a 2.13-acre lot. Currently, a portion of the building houses a fully operational, 10-bed Adult Foster Care (AFC) home encompassing 6,879 square feet. This remodeled section includes central nursing stations, a lobby, activity areas, and office spaces. Connected to this is a sizable former hospital and therapy center, currently vacant, featuring extra-wide hallways, automatic doors, a physical therapy pool, a lead-lined x-ray room, exam rooms, nurse stations, and lobbies. Existing vacuum and oxygen plumbing requires professional inspection and potential repair. This area presents a significant opportunity to expand the existing AFC home or create additional healthcare facilities. The remaining space, previously used for warehouse and storage, is currently leased month-to-month to a church. The property's location in a desirable commercial area ensures excellent visibility and accessibility. Its adaptable layout makes it suitable for a wide range of uses, including (but not limited to) expansion of the AFC home, urgent care, hospital, animal hospital, dental office, church, retail, or warehouse space. The possibilities are extensive, allowing for the addition of bedrooms, recreational areas, or other supplementary facilities. This property presents a unique investment opportunity with significant potential for growth and diverse applications. The asking price is $895,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,743,664
    Hospitality
    $8,009,149
    Educational
    $6,663,518
    Medical
    $6,892,686
    Retail
    $10,365,472
1380 Main St, Edmore, Michigan

Location Insight

City
Edmore
County
Montcalm
State
Michigan
Latitude
43.4074
Longitude
-85.0278
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,873
-
-
$406,200
-
-
-
$812,400

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