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Property profile & analytics
OFF-MARKET
Commercial real estate

1680 Plum Vly NE Rd Mancelona, MI 49659-9590

Individually Owned 18-yr Hold Free & Clear
Property ID
US43-4147727
Property summary
AI-generated overview

This 6,400 square foot flex space industrial building presents a unique investment opportunity in Mancelona, Michigan. Located at 1680 Plum Valley Rd NE, this vacant property sits on a 3.22-acre lot and is zoned for commercial use (APN: 40-011-010-003-10). The building, a former transfer station, offers two distinct interior areas. One area encompasses approximately 2,200 square feet with impressive ceiling heights exceeding 30 feet, providing ample vertical space for various uses. The second area, measuring approximately 4,200 square feet, features 15-foot ceilings and a built-in recessed interior truck well, ideal for loading and unloading. The property includes one loading dock, but no dock-high doors. The asking price is $385,000, translating to $60.16 per square foot. The two-story building is classified as Class D. Its expansive lot size and flexible interior layout offer significant potential for expansion and adaptation to a wide range of commercial applications. The property's location in Kalkaska County, Michigan, provides easy access to regional transportation networks. This is a rare opportunity to acquire a substantial industrial property with high ceilings and significant acreage at an attractive price point.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 011-010-003-10
UPID US43-4147727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Matthew Borgen · 18 yrs held
Matthew Borgen
since 2007
2 recorded transactions
2007
$170,000
2007
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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