301 N 6th St - Former Riverview East High School 74,611 SF Specialty Building Offered For Sale in Saint Clair, MI 48079
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity: Potential for a community center and about 64 apartment units
- Great timing to redevelop along with many new development projects in St. Clair
- Excellent location - Only a few blocks from the downtown riverfront
- Lots of value-add potential through redevelopment and lease-up of units
EXECUTIVE SUMMARY
Landmark CRE is pleased to present for sale Former Riverview East High School (the "Property"), a ±76,366 SF mixed-use opportunity in St. Clair, Michigan. The Property is the site of a 3-story, plus a full-sized basement, former high school that is now in an excellent position to be redeveloped into a community center with apartment units. The space on the first floor allows for the community center to include a full gymnasium, auditorium, day care, yoga and cycle studios, and more. In addition to this, the multifamily aspect of the Property could include 14, 29, and 21 units on the first, second and third floors, respectively. The Property is in a prime location being a short walk to the downtown riverfront, retail, recreation, and community resources.
St. Clair, Michigan is a city in St. Clair County and part of the Detroit-Warren-Dearborn MSA. St. Clair County is home to approximately 160,000 residents and ± 50 miles northeast of Detroit. St. Clair is home to Cargill Salt, who operate a large solution salt mine and evaporation center. Also within a few miles of the city, there are the St. Clair Power Plant and Belle River Power Plant, which are important industries for the city and surrounding area. The main industries in the city include manufacturing, energy generation & distribution, and warehouse, logistics, and distribution.
Jerry Helmer
Fisher Auction Company Inc.
License: 6504064915
St. Clair, Michigan is a city in St. Clair County and part of the Detroit-Warren-Dearborn MSA. St. Clair County is home to approximately 160,000 residents and ± 50 miles northeast of Detroit. St. Clair is home to Cargill Salt, who operate a large solution salt mine and evaporation center. Also within a few miles of the city, there are the St. Clair Power Plant and Belle River Power Plant, which are important industries for the city and surrounding area. The main industries in the city include manufacturing, energy generation & distribution, and warehouse, logistics, and distribution.
Jerry Helmer
Fisher Auction Company Inc.
License: 6504064915
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 5.77 AC |
| Building Size | 74,611 SF |
| No. Stories | 4 |
| Year Built | 1921 |
| Parking Ratio | 1.77/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 07-049-0238-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $63,800 |
ZONING
| Zoning Code | R-1A |
