311 4th Street E

Incredible price improvement!! Explore the immense potential of this significant asset in Napoleon, where immediate income meets entrepreneurial freedom. This expansive former care facility has been strategically updated, with two modern additions currently operating as a thriving residential hub of twenty units. Ten apartments offer stable, long-term rental income to the 55+ community, complete with ten attached garage stalls, while 8 furnished short-term rentals provide flexible revenue from travelers and local contractors. The commercial core of the building awaits your vision, featuring a fully-equipped commercial kitchen with a walk-in fridge and freezer, a large and welcoming dining hall ready to become a community eatery or event space, and over 20 private rooms with individual sinks and toilets, perfect for conversion to offices, studios, or more housing. With independent heating and cooling for the residential wings, 3-phase power, a large-capacity 18,000-gallon propane tank, a full fire suppression system, and a 2-stall maintenance garage, the property's infrastructure is as robust as its potential. This is a rare opportunity to acquire an income producing property and become a cornerstone of the community.