6727 Sherman Drive
Otter Lake, MI 48464
- – beds
- – baths
- – sqft
- ~42 acre lot
- – on site
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42.14 Acres Lake Front on 500 Acres of All Sports Otter Lake! The Value is in the land with possible tear down structures. This Commercial Property that was previously a rehabilitation center has 8 Buildings on it! Building are in need of Extreme repair if that is your intention to keep them. The property has been vacant for over 12 years. It has been Vandalized and building have not been maintained. The History of what the building were - Building 1; Open Plan was previously used as a gymnasium, 5 offices, 3 bathrooms. Building 2; Two Story block building w/walkout was laundry area for complex. Building 3; Two Story Residential Building Multi Family House. Building 4; 4 Bedroom House. Building 5; Three Story Apartment Building. Building 6; Burnt Down in late October (arson). Building 7; Large Chapel/Meeting Room & Bedroom's. Building 8; 6 Bay Garage. Natural Gas and Electricity Service the Site. City Water & Sewer Connected to property. Water Tower on Site is currently being Leased (Cell Tower) with a income of $325.00 Month. 3000 FT of Water Frontage on Otter, Powder Horn and Mud Lakes. Possible Uses: RV Park, Profit or Non-Profit Origination Camp, Educational Institution, Religious Group, Medical Recovery Rehabilitation, Conference Site, Training Center, Retreat Center, Convalescent Home. Land Contract Terms Available. Also includes parcel number # 04763600100 & 01300601000.
Listing courtesy of REALCOMP / Wilhelm & Associates
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Last updated Apr 30, 2024
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MLS# 2220041997 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/13/23
Mar 13, 2023
|
Pending | REALCOMP | $600,000 | |
3/13/23
Mar 13, 2023
|
Sold | REALCOMP | $600,000 | -14.3% |
2/20/23
Feb 20, 2023
|
Sold Subject To Contingencies | REALCOMP | $699,900 |