One of a kind extremely solid investment opportunity. Huge 15,000+ sq ft building started its life out as a school but now offers 5 x 2 Bed residential apartments, multiple office spaces, multiple bathrooms, full kitchen, 42x65 gym, and tons of bonus space. Entire building including all apartments are zero grade. Wide open floor plans. Gym is currently being converted into 11+ 10x10 climate-controlled storage units.
Building is built like a tank and is mechanically sound. New roof approx 7 years ago. 1.5 Acre site offers plenty of parking and large greenspace including playground area. Absolutely unlimited possibilities and potential. Hurry to get this one working for you!
Sold
$150,000
306 Russell St, Hubbardston, MI 48845
10beds
7baths
5,851sqft
5+ Units
Built in 1973
-- sqft lot
$151,300 Zestimate®
$26/sqft
$1,399 Estimated rent
Home value
$151,300
$135,000 - $171,000
$1,399/mo
Zestimate® history
Owner options
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$986/mo
Est. payment
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$986/mo
Est. payment
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List your homeWhat's special
Wide open floor plansFull kitchen
Zillow last checked:
Listing updated:
Listed by:
Darin K Elliott 616-902-2235,
Greenridge Realty (Ionia)
Bought with:
Darin K Elliott
Greenridge Realty (Ionia)
Source: MichRIC,MLS#: 25027272
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
Heating
- Forced Air
Appliances
- Laundry: Main Level
Features
- Basement: Slab
Interior area
- Total interior livable area: 5,851 sqft
Property
Parking
- Total spaces: 38
- Parking features: Concrete, Driveway
Lot
- Size: 1.59 Acres
- Features: Level, Recreational, Sidewalk, Corner Lot
Details
- Parcel number: 09106000069010
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Block
- Roof: Composition,Rubber
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
HOA
- Amenities included: Other
Location
- Region: Hubbardston
Financial & listing details
- Price per square foot: $26/sqft
- Tax assessed value: $165,900
- Annual tax amount: $11,618
- Date on market: 6/9/2025
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Sold | $150,000-45.5%$26/sqft |
Source:  MichRIC #25027272 Report a problem | ||
| 7/17/2026 | Pending sale | $275,000$47/sqft |
Source: MichRIC #25027272 Report a problem | ||
| 1/5/2026 | Price change | $275,000-35.3%$47/sqft |
Source: MichRIC #25027272 Report a problem | ||
| 8/13/2025 | Price change | $424,900-10.5%$73/sqft |
Source: MichRIC #25027272 Report a problem | ||
| 8/1/2025 | Price change | $474,900-4.7%$81/sqft |
Source: MichRIC #25027272 Report a problem | ||
| 7/11/2025 | Price change | $498,500-9.3%$85/sqft |
Source: MichRIC #25027272 Report a problem | ||
| 6/9/2025 | Listed for sale | $549,900$94/sqft |
Source: MichRIC #25027272 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,742 -9.1% | $165,900 |
| 2024 | $15,119 | -- |
| 2023 | -- | $293,200 |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
Find assessor info on the county website
Neighborhood: 48845
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Nearby schools
GreatSchools rating
- 7/10Carson City Elementary SchoolGrades: PK-3Distance: 5.2 mi
- 5/10Carson City-Crystal Middle SchoolGrades: 4-8Distance: 5.6 mi
- 4/10Carson City-Crystal High SchoolGrades: 9-12Distance: 5.6 mi
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Estimated market value
$151,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$151,300
- Michigan
- Ionia County
- Hubbardston
- 48845
- 306 Russell St
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