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427 N Steer St - Former Addison Community Hospital 14,035 SF Health Care Building Offered at $800,000 in Addison, MI 49220

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INVESTMENT HIGHLIGHTS

  • Former Addison Bariatric Hospital
  • Possibly developed for Multi-Family, Senior Housing, or Self-Storage
  • 500 Kilowatt transformer with 3 Phase Power

EXECUTIVE SUMMARY

Attention All Developers! Beautiful 7.20 acre property with approximately 875' of Frontage on the tranquil Addison Mill Pond. This property also included the former Addison Bariatric Hospital of 12,235 sq ft and another 1,800 sq ft building that is currently leased for $2,000.00 per month. The hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts. This property could also be developed for multi-family, senior housing, self-storage and many other uses. All information is estimated and should be verified.

PROPERTY FACTS

Price $800,000
Price Per Bed $72,727
Sale Type Owner User
Sale Condition Redevelopment Project
Property Type Health Care
Property Subtype
Hospital
  • Healthcare Assisted Living
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Center
Building Class C
Lot Size 7.20 AC
Building Size 14,035 SF
No. Beds 11
No. Stories 2
Year Built 1950
Tenancy Single
Parking Ratio 3.56/1,000 SF
Zoning Commercial - Commercial, Addison is open to development

AMENITIES

  • Waterfront

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WD1-131-4425-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$120,500
  • Listing ID: 31311011

  • Date on Market: 3/23/2024

  • Last Updated:

  • Address: 427 N Steer St, Addison, MI 49220

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