Photos
$195,000
MLS: 48042-260048
1.58 Acres
27,036 SqFt
1.58 Acres. R-3 Zoning. Big Development Potential
Here is a property with options. Situated on 1.58 acres with R 3 Multi Family zoning, this site offers significant redevelopment potential in a convenient location near Highway 10. The property currently includes an approximately 27,000 square foot building that was previously operated as a nursing home. Depending on a buyer’s plans, the existing structure could potentially be rehabilitated and repurposed, or the site may offer an opportunity for new multifamily development. Preliminary potential has been discussed for as many as 45 new units, subject to approval and verification with the City Zoning Office.
City sewer and water and natural gas already serve the property, adding another valuable piece to a future redevelopment plan. Whether you are looking at adaptive reuse, housing development, or another use permitted within the zoning district, the acreage, existing infrastructure and location make this one worth exploring.
Property is being sold as is, where is. Due to signs of mold within the building, masks are recommended during showings. A signed release form is required prior to entry and is available in the property documents. Buyers should independently verify zoning, allowable uses, unit count and redevelopment requirements with the City.
Schedule your showing today by calling Bob Steidl at 715-281-4555.