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    420 Industrial Park Rd Bangor, MI 49013

    Sponsored
    For Sale
    $1,799,000

    New Warehouse, Cannabis Zoning, 28,560 SF

    Property size:
    28,560 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 28,560-square-foot industrial warehouse, situated on a 2.12-acre lot in Bangor, MI's industrial park, presents a unique investment opportunity. The property is a brand-new, never-used pre-engineered steel building, fully insulated and ready for immediate occupancy. The building features 22-foot ceilings, providing ample vertical space for various uses. Essential utilities are readily available, including city water, sewer, Comcast fiber optic internet, and natural gas service. The concrete flooring is equipped with drains for efficient drainage, and the property includes a comprehensive underground plumbing system, a site storm system, and a retention basin. A mezzanine structure offers the potential for a raised office area, adding versatility to the space. The property's zoning allows for Class A, B, and C cannabis licenses, making it an attractive option for businesses in the cannabis industry. However, the blank-slate nature of this building allows for a wide range of other industrial or commercial uses. Located on a paved street within the industrial park, this property offers excellent accessibility and visibility. This is a rare opportunity to acquire a modern, high-quality industrial space with significant potential in a desirable location. The asking price is $1,799,000.

    Property Features for 420 Industrial Park Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    28,560 SF
    Lot Size
    92,347 SF

    Building Details

    Year Built
    1920
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.12286
    Latitude
    42.3024

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    FAQs

    What type of property is this?
    Industrial property - New Warehouse, Cannabis Zoning, 28,560 SF
    Where is this industrial property located?
    The property is located at 420 Industrial Park Rd Bangor, MI.
    What is the asking price?
    The asking price for this property is $1,799,000.
    (810) 202-1850
    Request Owner's contact information
    420 Industrial Park Rd Bangor, MI 49013
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    Bangor, MI 49013
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    Realmo Value Estimation

    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.

    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.

    More about this property
    420 Industrial Park Rd Bangor, MI 49013
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