Ann Arbor Portfolio of properties for Sale - Washtenaw W of 23

The Lawrence Portfolio consists of 18 well-located units in the heart of Ann Arbor, with an attractive mix of one-and two-bedroom apartments ranging from approximately 550 to 700 square feet. Given the portfolio’s location, the tenant profile is primarily student-oriented, with many residents enrolled in medical school, graduate programs, or other University of Michigan academic tracks. The 12 units at 415 Lawrence are evenly split between one-and two-bedroom floor plans and were constructed in 1965 as purpose-built apartments, while the 6-unit building at 715 Lawrence is a converted home originally built in 1901 and comprised exclusively of one-bedroom apartments. Both properties operate on a per-unit leasing model with lease terms that follow the academic year. Over ownership’s 30-plus years of operation, the properties have demonstrated consistent performance and have historically maintained full occupancy. That trend continues today, with the portfolio currently 100% occupied and fully pre-leased for the 2026–2027 academic year. Ownership also requires full parental guarantees on all leases, providing an additional layer of security within the student housing model. 415 Lawrence is served by a gas-fired boiler system, while 715 Lawrence is served by gas forced air, with the landlord responsible for the heat expense at both buildings. Electric is separately metered and paid by the tenants, except for two units at 715 Lawrence that are on the house meter. Cooling is provided by individual electric sleeve units at 415 Lawrence and tenant-supplied window units at 715 Lawrence. Both properties have been well maintained, including a resurfaced roof at 415 Lawrence in 2025 and a roof replacement at 715 Lawrence approximately ten years ago. While the Lawrence Portfolio has a strong operating history, meaningful upside remains through rental-rate growth, utility surcharge or billback implementation, parking income, garage utilization, and selective unit upgrades. Current rental rates appear to be approximately $100 to $300 below market, with additional upside through interior upgrades. Ownership also does not currently charge for parking, monetize the six garage spaces, or collect a utility surcharge, representing approximately $21,500 in potential annual revenue. IPO’s underwriting utilizes in-place 2026–2027 academic year rents, actual operating expenses, and reassessed property taxes, resulting in a Year 1 NOI of $265,154. Year 2 assumes market-oriented rent growth, $75/unit parking charges, the full anticipated tax increase, and 2% expense growth, resulting in a Year 2 NOI of $261,556. Recent sales comparables in this area suggest a value of approximately $280,000 per unit. IPO believes debt for an asset of this quality and location will likely fall in the 55% to 60% LTV range. At prevailing rates and assuming interest-only debt, the Lawrence Portfolio should be positioned to generate a 4% to 5% cash-on-cash return in one of the Midwest’s strongest student housing markets. With demonstrated occupancy, secure lease structures, identifiable upside, and an exceptional campus-adjacent location, the Lawrence Portfolio offers investors the opportunity to capitalize on continued demand and long-term appreciation in one of Ann Arbor’s premier rental submarkets

Property Subtype:

Multi Family

Date on Market:

2026-08-10

East Lansing Multifamily for Sale

Rarely available opportunity to acquire a stabilized, income-producing student housing asset in one of Michigan's most resilient rental markets. This 11-unit apartment building — purpose-positioned for graduate student tenants — sits just three blocks from the Michigan State University campus, delivering the kind of location-driven demand that keeps vacancy risk virtually nonexistent. The Numbers Tell the Story: Eight consecutive school years of 100% occupancy. That's not a marketing claim — it's a track record that reflects the unrelenting demand for quality, proximate housing among MSU's graduate population. Currently operating at 11 beds with a stable, proven rent roll, the property holds a state-issued license for up to 22 beds, offering a clear, documented path to nearly double its income-generating capacity without a change-of-use hurdle. 4,808 square feet of rentable space on 0.14 acres, efficiently configured to serve the discerning graduate student renter who prioritizes walkability, quiet, and proximity to academic resources over amenity-heavy complexes further from campus. The building's compact footprint keeps operating overhead lean, while the location commands premium rents driven by scarcity rather than seasonality.

Property Subtype:

Apartment

Date on Market:

2026-05-28

Ypsilanti Retail for Sale - Washtenaw E of 23

Here is your rare chance to take over this operating and profitable dispensary in the heart of Eastern Michigan University's campus/dorm district. This location is less than 500 ft away from Eastern Michigan's main dorm site making it the closest dispensary to the major university. Not only is this site perfectly primed for foot traffic, it's situated on one of the area's most trafficked road. This ~5,000 Sq/ft site was previously operating as a Microbusiness, however, it's recently been granted a full recreational dispensary license in early 2025. The facility currently has about 2,500 Sq/ft of vacant space that can be used for expansion or rented out for small suites. The site is averaging a healthy $400k/mo in net revenue on a staggering 50%+ gross profit margin. With over 25+ parking spaces and healthy margins, this site has plenty of room for growth. The Seller is an out of state owner, so the ideal scenario is a cash out however, for qualified purchasers they would be open to seller financing. This store is currently operating so please do not discuss any sale with any employees and do not stop by without scheduling a visit.

Property Subtype:

Storefront

Date on Market:

2025-05-06

Big Rapids Multifamily for Sale

Vision Real Estate is pleased to present Venlo Place, a Multifamily / Student Housing investment opportunity located within walking distance to Ferris State University. Conveniently located just East of US 131 and just West of Ferris State University, Venlo place has a wonderful history of great leasing and occupancy, providing a stable, cash flowing asset with the opportunity to grow rent with its close proximity to a growing University.

Property Subtype:

Apartment

Date on Market:

2024-12-06

Warren Specialty for Sale - Macomb West

Rare opportunity to purchase a 160 person behavioral health residential / outpatient facility. Beautiful grounds with baseball diamond, basketball court and picnic areas. Deed restriction. Adjacent to General Motors Tech Center. Maintenance shed on site. Building & Site - Behavioral Health Residential & Outpatient Facility 70,486 SF Specialty Building 2 Stories + Full Lower Level 10–12 ft Ceiling Heights 6.09 Acres (Lot: 420' × 632') Year Built: 1938 / Renovated: 1977 Brick & Masonry Construction Zoning: M2 – Medium Light Industrial District Deed Restriction via General Motors All Utilities On-Site Interior Features Offices – 1st floor Dorm rooms – 2nd floor Conference Rooms 58+ Dorm-Style Rooms on 3 Floors 49 Restrooms/Showers 10+ Multipurpose Rooms Large Commercial Kitchen Cafeteria/Dining Areas Multiple Administrative & Clerical Offices Throughout Recreational Facilities Classrooms Enclosed Courtyard Ample Storage Outdoor Amenities Baseball Diamond Basketball Court Picnic Areas Walkable Trails

Property Subtype:

Schools

Date on Market:

2024-07-31

Kawkawlin Health Care for Sale

VERSATILE 15-BEDROOM FACILITY WITH DUAL-WING CONFIGURATION Presenting a distinctive opportunity to acquire an approximately 6,000-square-foot freestanding facility at 200 S. 4th Street in the Kawkawlin/Linwood area of Bay County, Michigan. Offered at $549,000, the property features 15 bedrooms and a functional dual-wing configuration that may accommodate a variety of residential, care-related, institutional, nonprofit, educational, or adaptive-reuse concepts. The building’s divided layout provides operational flexibility for an owner-user, service organization, housing provider, or investor seeking a property capable of supporting multiple resident groups, program areas, departments, or complementary uses within one facility. Its existing room count and substantial interior space offer a meaningful advantage over converting a conventional commercial building or single-family residence for a specialized occupancy. PROPERTY HIGHLIGHTS • Approximately 6,000 square feet • 15-bedroom configuration • Functional dual-wing floor plan • Freestanding building • Offered for sale at $549,000 • Established residential-style setting • Multiple common and operational areas • Potential for owner occupancy or investment • Adaptable layout for a range of organizational needs • Bay County location serving the greater Linwood and Kawkawlin area POTENTIAL USES The property may be well suited for a residential care facility, assisted living concept, adult foster care operation, group home, behavioral health program, recovery residence, transitional housing, veteran housing, nonprofit residential program, religious or ministry housing, retreat facility, dormitory-style housing, educational program, training center, community organization, or other institutional and residential uses. All prospective purchasers should independently verify zoning, licensing, occupancy requirements, building-code compliance, permitted use, capacity, and any governmental approvals required for their intended operation. DUAL-WING LAYOUT The dual-wing arrangement is one of the property’s most marketable features. This configuration may allow an operator to separate residents by program, care level, age group, gender, privacy needs, or service type. It may also provide the ability to maintain distinct residential and administrative areas, establish separate program components, or phase occupancy according to operational needs. Rather than starting with an open commercial shell, a purchaser can evaluate an existing 15-bedroom layout with substantial space already organized around residential and institutional functionality. The building’s size may provide room for sleeping accommodations, common areas, administrative functions, staff operations, programming, dining, and resident services, subject to the purchaser’s requirements and governmental approvals. OWNER-USER OR INVESTMENT OPPORTUNITY This property offers potential value for an experienced operator seeking an additional location, an organization looking to establish a Bay County presence, or an investor targeting specialized housing and service-related real estate. The combination of bedroom capacity, flexible internal separation, freestanding ownership, and an accessible mid-Michigan location creates an opportunity that is difficult to replicate with a traditional office or retail building. The property may also appeal to nonprofit organizations, community service providers, healthcare-related users, housing organizations, faith-based groups, educational operators, and governmental or quasi-governmental entities seeking a facility that can support residents, clients, staff, and programming in one location. LOCATION Located at 200 S. 4th Street, the property serves the Linwood, Kawkawlin, Bay City, and broader Bay County market. The setting may be especially attractive to organizations seeking a quieter residential environment while remaining within reach of regional communities, services, employers, and transportation routes. The property’s freestanding design provides an identifiable location for an organization or operator and may offer greater control over occupancy, operations, branding, scheduling, and future improvements than leased space in a multi-tenant building. VALUE-ADD AND ADAPTIVE-REUSE POTENTIAL The existing layout may present opportunities for renovation, repositioning, program expansion, or adaptive reuse. A purchaser may be able to tailor the building to its own residential model, service platform, institutional program, or community-based mission. The dual-wing configuration may also allow improvements to be completed in stages or enable one portion of the building to serve a different function from the other. Potential users are encouraged to evaluate the property for both its current configuration and its longer-term adaptability. Uses involving residential care, group living, healthcare services, education, lodging, institutional occupancy, or changes in resident capacity may require specific licensing, zoning approval, inspections, accessibility improvements, life-safety upgrades, or other governmental authorization. MARKETING POSITION At approximately 6,000 square feet with 15 bedrooms, this property provides a rare combination of size, room count, organizational flexibility, and freestanding ownership. It offers prospective buyers the opportunity to acquire a specialized building that may support housing, care, programming, administration, and community services under one roof. The property is offered at $549,000. Additional property information and marketing materials are available to qualified prospective purchasers. Contact the listing broker to request further details or arrange a private tour. Property information is believed to be reliable but is not guaranteed. Buyers and their representatives must independently verify all measurements, building information, utility information, zoning, licensing, permitted uses, occupancy limits, property condition, financial feasibility, and governmental requirements.

Property Subtype:

Assisted Living

Date on Market:

2026-07-31

Grand Haven Portfolio of properties for Sale - Grand Haven/Ferrysburg

Property Subtype:

Mixed Types

Date on Market:

2026-05-01