155 E Glass Rd - Schools FOR SALE


Ortonville, MI 48462
$2,900,000 USD
586-212-3454
155 E Glass Rd, Ortonville, MI for Sale
$2,900,000 USD
Schools - FOR SALE
1/5
null | Request Cap Rate

155 E Glass Rd
Ortonville, MI 48462


HIGHLIGHTS

  • Former Elementary School available for sale.
  • Existing well and septic infrastructure in place
  • Located in a high-income area with $122K average household income
  • Surrounded by national retailers and service providers
  • Strong visibility with 19,949 vehicles per day on E Glass Road
  • AI zoning allows for institutional or community-oriented uses

OVERVIEW

Positioned in the heart of Ortonville, Michigan, 155 E Glass Road presents a rare opportunity to acquire a 43,630-square-foot former elementary school on a sprawling 10.48-acre parcel. This property offers a unique canvas for redevelopment or adaptive reuse, with AI zoning that may accommodate a variety of institutional, educational, or community-oriented uses. The site benefits from existing well and septic infrastructure, reducing upfront utility costs for future owners. Surrounded by a vibrant mix of national retailers including McDonald's, Chase, Tractor Supply Co., and Tropical Smoothie Café, the property is well-placed within a growing suburban corridor. The five-mile radius boasts a population of over 28,000 with an average household income exceeding $122,000 annually, indicating strong consumer spending potential and a stable residential base. The daytime population of 4,002 and proximity to 617 businesses further enhance the site's appeal for service-based or educational operations. The property’s location along E Glass Road sees traffic counts of nearly 20,000 vehicles per day, offering excellent visibility and access. With a median age of 43.7 and 33% of residents holding a bachelor’s degree or higher, the surrounding community reflects a mature and educated demographic. This site is ideal for investors or developers seeking a well-located asset with redevelopment potential in a high-income, low-density market.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

10.3 AC

LAND SF

448,668 SF

ZONING

AI

APN/PARCEL ID

03-19-401-021

ASK ABOUT THIS PROPERTY

Rem MurrayCMP Real Estate GroupMore Info
586-212-3454

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Rem MurrayCMP Real Estate GroupMore Info
586-212-3454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.