THE ULTIMATE LIST OF CHEAP OLD HOUSES UNDER $50K…and BEYOND ––>
Cheapish c.1922 Former School For Sale in Michigan Under $75K
January 13, 2024
OHU50K Notes $74,900
This c.1940 school for sale is located on a 0.45 acre corner lot opposite a park in a residential neighborhood. We first featured this school back in November 2021 when it was listed at $50,000. Ultimately, it sold in March 2022 for $48,000, then re-listed three months later for $250,000. It has ben on and off the market ever since until we see its current $74,900 price tag.
This former brick school building is a blank slate-ready for you to make it your own. The building has a new roof, and some updated electrical. The building has been gutted and is ready to finish. Possibilities include a multiple family dwelling, a single family home or commercial opportunities. Special land uses are also available. Currently zoned R-4. City approval needed for any future plans. Located within walking distance to downtown, with a nice public park/playground right across the street. Land Contract available.
Park Elementary School was built in 1922 and closed in 2006. More recently, it has been used as an offsite storage facility for the school district, but the building has water damage from years of not being used. Utilities have been shut off and very little maintenance has been done on the shuttered facility. The town is hoping that the building will be purchased and and revitalized, adding to the vibrancy of the community. Superintendent Art Ebert said that the building will “require some upgrades, including roofing, lighting, ventilation and flooring.”