$65,000
Active

1000 W Erie Street

Albion, MI 49224
Browse 5 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

This is a five acre commercial site located just west of downtown Albion. Featured on the site is a 23,896 square foot building that once housed Albion's hospital and convalescent nursing home, with two utility sheds. The building has a new roof, and the large site affords a potential buyer with plenty of room to develop. A lead risk, lead paint inspection, asbestos and hazardous material assessments as well as a Phase 1 environment review have been completed and are available for viewing upon request. This is part of the Calhoun County Land Bank's Transform This Commercial Property program which seeks to successfully redevelop distressed commercial and mixed use sites.This program is designed for those who want to purchase and restore the property for small business or mixed use development. It is recommended the buyer have site specific plans and inspectors review according to what is planned for the end use Buyers may also need site specific code review as part of the development. A

  • Property Details
      • Acres5
  • Construction Details
      • Year Built1968
  • Community and Neighborhood Details
      • CountyCalhoun
  • Financial Details
      • Original List Price$65,000
      • Buying Agency Compensation3.00%
      • Days on Market (Cumulative)412
  • Other
      • MLS #M22005793
  • -
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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