Former Residential Medical Care Facility - Investment Upside Grand Blanc, MI

Former Residential Medical Care Facility - Tremendous Investment Upside

• 40 Unit Facility on 2.7 +/- Acres - Ample Parking & Room for Future Expansion
• Zoned Office Service District (OS) - Office, Retail, and Medical Uses Permitted
• Significant Investments Planned for Regional Manufacturing & Infrastructure Expansion
• Excellent Location Minutes from I-75

Previously operating as a 40 unit assisted living and memory care facility, this auction offering presents a tremendous opportunity to acquire an asset that is located in an up and coming area of the city. When touring the surrounding area, it is quite apparent that a significant amount of capital has been invested to increase business activity. A heavy concentration of professional and medical services makes this property perfect for a wide variety of uses, and with 16,000 +/- sq. ft. between two buildings, the flexible space provides the ability to support multiple tenants. These buildings have been extremely well cared for over the years, and you will not come close to reconstructing these properties for a price comparable to acquiring them at auction. The land acquisition cost in the surrounding area will be substantial, so don't miss this opportunity to purchase an extremely attractive asset at your price.

Lot Size: 2.68+/- acres
Year Built/Remodeled: Built in 1994, renovated in 2018
Parcel ID#: 12-22-300-018
2019 Tax Assessment (SEV): $802,600*
2019 True Cash Value: $1,605,200*
*Taxes are based on the lower Taxable Value


Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction. A signed Confidentiality Agreement is required to download.
FX1964-66

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Seth White

Seth White: Tranzon Fox

757-650-6424 swhite@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 45-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: In order to be eligible to bid, a minimum deposit of $5,000 is required to be wire transferred to Tranzon Fox escrow account. A total deposit of 10% (including the initial $5,000 deposit) is due within 24 hours of being notified that you are the successful high bidder.
• Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.