LOW OPENING BID; $125,000: Adult Foster Care or Multi-Family Development Opportunity!
Conditional Use Permit for a 100-Unit Adult Foster Care Campus Approved by Local County Board
Zoned RM-1: Potential Multi Family Development Opportunity
Public Utilities Available On Site
Located in the Village of Grass Lake where there is a limited number of Senior Housing options within a 20-mile radius; here is your opportunity to develop a 100-Unit Adult Foster Care Community. The attached application within the information package notes the Conditional Use Permit has been approved by the local county board with preliminary site plans already in place! All public utilities exist on this +/- 7-Acre site with frontage on BOTH Union Street and Arthur Drive. There is currently an existing structure for Phase 1 and adequate building space for 4 additional buildings to add for future phases.
Low Opening Bid of $125,000!
If the Senior Care industry is not the path for you, then develop a brand-new apartment complex. Multi-Family housing is in high demand nationally. Make your mark in the quaint Michigan County of Grass Lake!
Parcel ID#: 009-15-04-101-003-15
2022 Tax Assessment: Approximately $394,000
Lot Size: +/- 7.04 Acres
Building Size: +/-5,200 sq ft
Zoning: RM-1 (Multi-Family)
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 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.
In Conjunction With MI Broker John Bippus Co.