Modern industrial building, 22,328 sq ft, 3.32 acres
Property size:
22,328 SF
Description
Added:
Feb 3, 2025
Days on Market:
339
This exceptional 22,328-square-foot industrial facility, constructed in 2005, presents a unique investment opportunity in Clio, MI. Situated on a generous 3.32-acre lot, the property boasts a pristine condition, reflecting its previous use as a fitness and sports center, minimizing typical industrial wear and tear. The main building offers a versatile layout, including approximately 4,500-5,000 square feet of potential office space and over 15,000 square feet of warehouse area. A significant asset is the newer 70x40-foot pole barn with cement floors and electricity, adding substantial storage capacity. Ample parking is available, accommodating 100-150 vehicles. The property includes two large private bathrooms with showers, along with men's and women's public restrooms, each featuring two stalls. A approximately 1,800-square-foot mezzanine level currently houses a fenced practice court, easily adaptable for use as a secure parts or tool storage area. The warehouse features high-quality construction, including insulated block walls, insulated panels, and an insulated ceiling, all enhanced by upgraded LED lighting. The floor is covered in padded, synthetic rubber. A large overhead door provides convenient access. Security is paramount, with a state-of-the-art video surveillance system in place. High visibility is ensured by a new 20,000-pound road sign incorporating a 4x6 LED video/message board. The building's design is ideally suited for commercial office, warehouse, or automotive uses. This property offers a rare combination of modern amenities, ample space, and a prime location.
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5338 Vienna St Clio, MI 48420
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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.
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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5338 Vienna St Clio, MI 48420
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5338 Vienna St, Clio, MI
Michael Davidson
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5338 Vienna St, Clio, MI
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