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    1976 Michigan Avenue Mobile, AL 36615

    Source: https://www.saltercompany.com
    For Lease
    $1.50 SF/Yr ($19,057 /Mo)

    Prime 3.5-acre site, build-to-suit available.

    Lot size:
    152,460 SF

    Description

    Added:
    Mar 25, 2025
    Days on Market:
    265
    This exceptional 3.5-acre parcel is strategically located at the entrance to the Mobile Aeroplex at Brookley in Mobile, Alabama, at the intersection of I-10 and Michigan Avenue. The Aeroplex is a thriving transportation and industrial hub on the Gulf Coast, home to numerous companies employing thousands and the future site of the Mobile International Airport. This prime location offers unparalleled visibility and accessibility, making it ideal for a wide range of development opportunities. Consideration will be given to build-to-suit options, as well as ground lease opportunities for all or part of the property. The property's versatility allows for diverse uses, including but not limited to warehouse/office space, gas station/convenience store, hospitality, office buildings, or retail establishments. The site currently includes a 5,450 square foot building leased to USA Health for medical use. With its exceptional location and potential for various developments, this property presents a unique investment opportunity within a rapidly growing and dynamic industrial and transportation center. The land totals approximately 152,460 square feet and is offered at a yearly rate of $1.50 per square foot under a NNN lease.

    Property Features for 1976 Michigan Avenue

    General Information

    Property type
    Other land
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    152,460 SF
    USF (Usable sq. ft)
    152,460 SF
    Elevators
    N/A
    Total Rate
    19057.5

    HighLights

    • Prime 3.5‑acre site at Mobile Aeroplex, offering high visibility at I‑10 and Michigan Avenue intersection.
    • Build‑to‑suit options available alongside ground lease opportunities for flexible development.
    • Includes existing 5,450 sq ft building currently leased for medical use.
    Location Intelligence

    Current Use by Public Records

    Kelsey Ann Goldie ... Nurse Practitioner Robert L Ross ... Occupational Medical Physician Romarius Longmire MD ... Occupational Medical Physician USA Health Industrial ... Medical Clinic Continental Aerospace Technologies Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -87.701172
    Latitude
    30.310339

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    FAQs

    What type of property is this?
    Land - Prime 3.5-acre site, build-to-suit available.
    Where is this land located?
    The property is located at 1976 Michigan Avenue Mobile, AL.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Prime 3.5-acre site at Mobile Aeroplex, offering high visibility at I-10 and Michigan Avenue intersection.; Build-to-suit options available alongside ground lease opportunities for flexible development.; Includes existing 5,450 sq ft building currently leased for medical use.
    (251) 445-0989
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    Mobile, AL 36615
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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
    1976 Michigan Avenue Mobile, AL 36615
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