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24976689
24976688

200 N Carney Dr, Saint Clair, MI 48079 For Sale

RD
MI 6501467522
Lino Realty Inc
Listed by Lino Realty Inc
$2,750,000
360 days on market
Updated 3 days ago

Independent Senior Living Facility

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 51,488
Units 62
Price per SqFt $53
Year Built 1980
Buildings 1
Stories 1
Acreage 6.600
Zoning Adaptive reuse
Investment Type Redevelopment

Independent Senior Living facility 40 to 65 Units

Marketing description

This property presents a rare opportunity to acquire a facility already well underway toward conversion into a fully approved independent senior living community. Significant groundwork has been completed, positioning a new owner to accelerate the final stages of development with reduced time, cost, and entitlement risk. All demo complete as well as some interior improvements.

The existing layout is ideally suited for senior living, featuring multiple private office spaces, a cafeteria, and expansive open common areas designed to foster community and resident engagement. The infrastructure in place provides a strong foundation for an efficient and thoughtful conversion. Total unit count can be adjusted from 40 to 65 units depending on unit mix. Large parcel with rooms for possible villa units

With a low cost basis relative to ground-up development, this offering represents an attractive entry point into the rapidly growing senior housing sector. Whether for an owner-operator or investor, the property offers the potential to deliver a high-demand product with compelling upside and long-term value.

Investment highlights

  • Affordable entry point with low cost basis
  • Centrally located in the charming waterfront town of St. Clair
  • Positioned to serve a growing aging population
  • Durable, high-quality institutional construction
  • Seller can delivering a turnkey project or entering a joint venture

Listing Contacts

RD
MI 6501467522
Lino Realty Inc
Listed by Lino Realty Inc

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Additional Information

Name
Robert Drewek
License
6501467522
Brokerage Phone
586-263-5111
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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