Turnkey Brewing
For Sale
$920,000
105 E Russell Rd, Tecumseh, MI 49286
Fully equipped 6,000 SF brewing facility with indoor and outdoor seating and air conditioning on a large lot.
Property Size6,000 SF
Price / SF$153.33
Days on Market200
Property Features for 105 E Russell Rd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Zoning
I-C
Amenities
indoor seating areas
outdoor seating areas
air-conditioned building
walk-in cooler
Building Details
Building Size
6,000 SF
Listing Agency:
Thomas A. Duke Company
Listed By:
Steven R. Valli · License #6501291516
(248) 476-3700
Source:
Cpix.resimplifi
Added: Feb 18
Changed: Aug 13
Last Checked: Sep 5 at 3:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas A. Duke Company
Investment Insights
Based on property information with market context.
105 E Russell Road is a fully equipped, turnkey brewing facility with approximately 6,000 SF of indoor space, designed and set up for immediate operation. The property includes all brewing equipment and offers both indoor and outdoor seating for guests.
The building is fully air-conditioned for customer comfort and operational efficiency. A large lot provides room to expand outdoor seating and support events or future site enhancements. For product storage, the facility includes a 40’ x 100’ walk-in cooler.
This offering is part of a portfolio sale that also includes an additional building featuring a full-service brewery and restaurant with four apartments on the second floor.
The building is fully air-conditioned for customer comfort and operational efficiency. A large lot provides room to expand outdoor seating and support events or future site enhancements. For product storage, the facility includes a 40’ x 100’ walk-in cooler.
This offering is part of a portfolio sale that also includes an additional building featuring a full-service brewery and restaurant with four apartments on the second floor.
Key Highlights
- 6,000 SF fully equipped brewing facility with brewing equipment included and ready for operation
- Indoor and outdoor seating areas for customers
- Fully air‑conditioned building for customer comfort and operational efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,105,560
$1.1M
Cap Rate 7%
$789,686
$789.7K
Cap Rate 9%
$614,200
$614.2K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.8K $14.64/SF
− Vacancy
−$8.9K −$1.48/SF
EGI
$79.0K $13.16/SF
− OpEx
−$23.7K −$3.95/SF
NOI
$55.3K $9.21/SF
Area
Lenawee County, MI
Vacancy
10.10%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,105,560
Cap Rate 7%
$789,686
Cap Rate 9%
$614,200
Alternative Uses
Best Use
Industrial
$789.7K
$691.0K – $921.3K
NOI $55,278 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$74.44M
$65.14M – $86.85M
NOI $5,210,884 @ 7.0% cap · market cap 566.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 49286, MI
14,991
Population
6,144
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
58.2 sq mi
ZIP Area
258
Density / Sq Mi
$73,054
Median Household Income
$37,480
Median Earnings
$954
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Fully equipped 6,000 SF brewing facility with indoor and outdoor seating and air conditioning on a large lot.
Where is this brewery located?
The property is located at 105 E Russell Rd Tecumseh, MI.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 6,000 SF fully equipped brewing facility with brewing equipment included and ready for operation; Indoor and outdoor seating areas for customers; Fully air‑conditioned building for customer comfort and operational efficiency
