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    Vandalia Commercial/Industrial Property for Sale Title is generated by Realmo AI

    17336 M 60, Vandalia, MI 49095

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    For Sale
    $849,900

    COMMERCIAL - Vandalia, MI

    Property size:
    20,544 SF
    Lot size:
    1.90 Acres
    Price / SF:
    $41/SF
    Added:
    May 5, 2026
    Days on Market:
    18
    Last Refresh:
    May 22 at 1:06 pm

    Property Features for 17336 M 60

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    14-100-250-005-10
    Size
    20,544 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    823A-1 COM AT SW COR LOT 6, TH N 77 DEG 51'30''W 83.01 FT, N 0 DEG 11'31''E 424.4 FT, S 89 DEG 20'28''E 238.76 FT, S 0
    Tax Annual Amount
    5513

    Utilities

    Utilities
    Propane
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    1982
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Joshua Schirr
    Joshua Schirr

    Listing agent Joshua Schirr License #RB14043732

    Listing office McKinnies Realty 24 Fourth St., Niles, MI

    Listing date May 5, 2026

    MLS# 26020005

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 20,544 sq ft commercial/industrial space suitable for warehouse, manufacturing, or distribution.
    • Features 8 bay doors and a dedicated loading dock for efficient shipping and receiving.
    • Available for sale or lease, appealing to owner‑users, investors, or tenants.
    • Equipped with 3‑phase electric, supporting diverse industrial and commercial needs.
    • Includes 4 private offices, 2 bathrooms, and a break room for practical administrative and operational use.
    • Recent upgrades include new garage doors/openers and gas furnaces, enhancing value and efficiency.

    Overview

    Located at 17336 M-60 in Vandalia, this commercial/industrial property offers 20,544 square feet of space. The property is available for sale, presenting an opportunity for owner-users, investors, or tenants seeking warehouse, manufacturing, or distribution space. It features 8 bay doors and a dedicated loading dock, facilitating efficient shipping and receiving. The interior layout includes 4 private offices, 2 bathrooms, and a break room. Recent improvements include upgraded garage doors and openers, along with gas furnaces. The building is equipped with 3-phase electric, supporting various industrial and commercial uses. The property is situated on a 1.9-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Bar & Pub Grocery & Convenience Store Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vandalia
    County
    Cass
    State
    Michigan
    Longitude
    -85.90116
    Latitude
    41.916737

    Nearby Similar for Sale

    • $1,300,000
      9,100 SF

      Commercial Investment Opportunity in Vandalia

      Commercial property leased to Dollar General in downtown Vandalia, MI.
      18043 State Street, Vandalia, MI 49095
      View Details
    • $1,300,000
      9,100 SF

      Dollar General Investment Opportunity

      Commercial property leased to Dollar General in downtown Vandalia, MI.
      18043 State Street, Vandalia, MI 49095
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile 20,544 SF commercial/industrial property in Vandalia, Michigan.
    Where is this warehouse located?
    The property is located at 17336 M 60 Vandalia, MI.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Large 20,544 sq ft commercial/industrial space suitable for warehouse, manufacturing, or distribution.; Features **8 bay doors and a dedicated loading dock** for efficient shipping and receiving.; Available for sale or lease, appealing to owner‑users, investors, or tenants.
    (574) 606-7771
    We can help!
    Listing Contact
    Joshua Schirr
    Joshua Schirr
    Real Estate License ID: RB14043732
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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