9334 North River Rd - Senior Housing FOR SALE


Algonac, MI 48001
$2,750,000 USD
616-422-5874
9334 North River Rd, Algonac, MI for Sale
$2,750,000 USD
Senior Housing - FOR SALE
1/24
null | Request Cap Rate

9334 North River Rd
Algonac, MI 48001


HIGHLIGHTS

  • Oversize Guest Rooms with Private Baths
  • Commercial Kitchen with Hood
  • Space to Expand Facility

OVERVIEW

Located near the banks of the beautiful St. Clair River, this property is ideal for use as an assisted living facility or for hospitality as a bed and breakfast or boutique hotel. With approximately 25,000 sf on 2.7 acres, the site offers expansion opportunities. Used in the past as an event center and boutique hotel, after renovation the most recent use has been as an assisted living facility with 24 bedrooms, most offering double occupancy. Most rooms feature oversize living areas with private bathrooms, many with zero step showers. There are 21 full baths and 2 half baths. The main floor includes a lobby/reception area, commercial kitchen with hood, dining area, two seating areas, commercial-grade laundry, and outdoor patios in addition to ground-level suites. The upper level includes most of the suites along with a mechanical room. Infrastructure includes passive fire suppression throughout the facility, poured concrete walls and floors in the refurbished wing, and insulated double walls to reduce noise. Lighting has been converted to LED. Call today to schedule a private showing and see all that this property has to offer. Real estate and affixed equipment only. Personal property is also available as a separate bill of sale. Seller's broker to be present at all showings. Showings by appointment only. No signage is on the property.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Senior Housing

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

ADD'L SUBTYPES

Assisted Living, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

C-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kathy DeVriesThrive AcquisitionMore Info
616-422-5874

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Kathy DeVriesThrive AcquisitionMore Info
616-422-5874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.