1380 Main StEdmore, MI 48829

For Sale
$1,500,000

High-yield investment, versatile space, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $1,500,000 asking price for a 25,294 SF multi-use property in Edmore, MI.
  • 5.82% cap rate with a $87,360 NOI.
  • 6,879 SF net rentable area, priced at $59.30/SF.
  • Property includes a remodeled 10-bed Adult Foster Care home, plus additional space suitable for medical, retail, or warehouse use.
  • Located on a 2.13-acre lot at 1380 E Main St, Edmore, MI 48829.

Property Details for 1380 Main St

Property type
Other warehouses, Other retail properties
Square Feet
25,294 SF
Year Built/Renovated
1992/2023
Stories
1
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Edmore
County
Montcalm
State
Michigan
Latitude
43.4081829
Longitude
-85.041927
1380 Main St, Edmore, Michigan

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1380 Main St
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