Manufacturing Facility with Development
Chesterfield Twp. New Baltimore, MI 48047
Chesterfield Twp., New Baltimore, MI, 48047
$2,950,000
For Sale
$2,950,000
Manufacturing facility on 10 acres with development opportunities.
Property Size15,200 SF
Lot Size10.00 Acres
Price / SF$194.08
Days on Market175
Property Features for Chesterfield Twp.
General Information
- Standard status
- Active
- Size
- 15,200 SF
- Lot size
- 10.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1991
Listing agency
Signature Associates - Southfield
(248) 404-7015
Listed by
Ben Wilkiemeyer · License #6501388318
(248) 404-7015
Source
Tcnworldwide
Added: Jan 27 Updated: Jul 10 at 12:53PM Checked: Jul 21 at 4:58AM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This is a manufacturing facility situated on a 10-acre parcel. The building features a 65-foot clear span and a 10-ton crane. The property offers the opportunity to develop the Twenty-Six Mile Road frontage, with potential for medical, office, and retail development. The location benefits from strong traffic counts and ongoing retail developments in the corridor. The property is located near I-94.
Key Highlights
- Large 10‑acre parcel with development potential along Twenty‑Six Mile Road
- Existing tenant in place provides immediate income
- 65' clear span ideal for manufacturing
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $301.0k | $19.80 |
| − Vacancy | −$35.4k | −$2.33 |
| EGI | $265.6k | $17.47 |
| − OpEx | −$106.2k | −$6.99 |
| NOI | $159.4k | $10.48 |
15,200 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.28M
$1.99M – $2.66M
NOI $159,358 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$1.61M
$1.40M – $1.87M
NOI $112,358 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,198 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Manufacturing facility on 10 acres with development opportunities.
Where is this manufacturing property located?
The property is located at Chesterfield Twp. New Baltimore, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Large 10‑acre parcel with development potential along Twenty‑Six Mile Road; Existing tenant in place provides immediate income; 65' clear span ideal for manufacturing
