Manufacturing Facility with Heavy Duty
For Sale
$2,795,000
Chesterfield Twp., New Baltimore, MI 48051
Manufacturing facility with heavy-duty vinyl storage structure.
Property Size44,659 SF
Price / SF$62.59
Days on Market184
Property Features for Chesterfield Twp.
General Information
Standard status
Active
Size
44,659 SF
Property subtype
Industrial
Building Details
Year Built
1966
Listing Agency:
Signature Associates Southfield
(248) 404-7015
Listed By:
Ben Wilkiemeyer · License #6501203462
(248) 404-7015
Source:
Tcnworldwide
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 30 at 4:34AM
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 manufacturing facility features a heavy-duty 4,200 sq. ft. vinyl storage structure that is not included in the square footage. The property includes a pad-mounted transformer with buss duct throughout. The property is situated on a 44,659 sqft lot.
Key Highlights
- Heavy duty 4,200 sq. ft. vinyl storage structure.
- Pad mounted transformer included.
- Buss duct throughout.
Financial Insights For Industrial
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 | $364.4k | $8.16 |
| − Vacancy | −$20.4k | −$0.46 |
| EGI | $344.0k | $7.70 |
| − OpEx | −$103.2k | −$2.31 |
| NOI | $240.8k | $5.39 |
44,659 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.44M
$3.01M – $4.01M
NOI $240,807 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.36M
$7.32M – $9.75M
NOI $585,262 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 48051, MI
17,718
Population
7,255
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
1,248
Density / Sq Mi
$89,923
Median Household Income
$50,569
Median Earnings
$1,064
Median Rent
$247,500
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?
Manufacturing property - Manufacturing facility with heavy-duty vinyl storage structure.
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 $2,795,000.
What are key features of this property?
This property features: Heavy duty **4,200 sq. ft. vinyl storage structure.**; Pad mounted transformer included.; Buss duct throughout.
