Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Lakeland Pl Edmore, MI 48829

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    113,000 SF manufacturing/distribution facility with long-term tenant in Edmore, MI.

    Property size:
    7 SF

    Property Features for 1 Lakeland Pl

    General Information

    Standard status
    Active
    Size
    7 SF

    We can help!

    Listing Contact
    Kyle Powell
    Kyle Powell
    Source: Cbre

    Listing Agency: CBRE | Indianapolis Listing Agent: Kyle Powell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Manufacturing and Distribution Facility

    This 113,000 square foot manufacturing and distribution facility was originally constructed in 1995 for Lakeland Mills. The property is situated on 7.1 acres. It features heavy power, 7 docks, 3 drive-in doors, and clear heights ranging from 18 to 21 feet. The building includes 4,000 square feet of office space with a break room, and the warehouse has sprinklers and air lines throughout. It has a 10 year and 2 month lease. The property is located in Edmore, a growing village in Montcalm County with an estimated population of 1,200 to 1,300 residents. Edmore sits on the Pine River and offers small-town character with regional access, approximately 60 to 70 miles (1 to 1.5 hours) from Grand Rapids and Gerald R. Ford International Airport. The property has 480 1200AMPS.
    Location Intelligence

    Current Use by Public Records

    Sleep Like a Log, ... Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmore
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.02908
    Latitude
    43.405137

    Nearby Similar for Sale

    • $399,000
      Pending

      Former Retail Building on M-46

      Freestanding 9,014 SF retail building on 1.07 acres.
      1381 E Main St, Edmore, MI 48829
      View Details
    • $350,000
      3,900 SF

      Versatile Warehouse on Large Lot

      Functional warehouse with semi-truck access on nearly 4 acres.
      1365 E Main St, Edmore, MI 48829
      View Details
    • New
      $349,900
      Pending

      30 Acres Horse Farm Potential

      30-acre horse farm with income potential and multiple buildings.
      7924 N Deja Rd, Edmore, MI 48829
      View Details
    • New
      $199,900
      0.23 Acres

      Edmore Multifamily Investment Opportunity

      Spacious duplex in Edmore, MI with long-term tenants.
      525 E Pine Rd, Edmore, MI 48829
      View Details
    • $104,900
      1,440 SF

      Updated Commercial Building on Main

      Updated commercial building in high-traffic location suitable for office or retail.
      425 E Main St, Edmore, MI 48829
      View Details
    • $599,999

      Versatile Commercial Building on Main

      Multi-use commercial building with high visibility and ample parking.
      1380 E Main St, Edmore, MI 48829
      View Details
    • New
      $212,999
      Pending

      Charming Duplex in Edmore, MI

      Side-by-side duplex with 2 beds/1 bath each, shared garage.
      1890 Coral Rd NE, Edmore, MI 48829
      View Details
    • $399,000
      Pending

      Freestanding Retail Building in Edmore

      9,014 SF retail building on 1.07-acre site for sale.
      1381 E Main St, Edmore, MI 48829
      View Details
    • $104,900

      Updated Commercial Building in Edmore

      Updated commercial building suitable for office, retail, or business.
      425 E Main St, Edmore, MI 48829
      View Details
    • $599,999

      Versatile Commercial Building on Main

      Multi-use commercial building with high visibility and ample parking.
      1380 E Main St, Edmore, MI 48829
      View Details
    • $399,000
      Pending

      Freestanding Retail Building on M-46

      9,014 SF retail building on 1.07-acre site in Edmore.
      1381 E Main St, Edmore, MI 48829
      View Details
    • Contact for pricing
      4,000 SF

      Operating Cannabis Facility For Sale

      4,000 SF cannabis facility on 2.889 acres available.
      1379 Industrial Park Dr, Edmore, MI 48829
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 113,000 SF manufacturing/distribution facility with long-term tenant in Edmore, MI.
    Where is this manufacturing property located?
    The property is located at 1 Lakeland Pl Edmore, MI.
    What are key features of this property?
    This property features: - Long-standing tenancy with over 10 years remaining on the lease.; - High functionality and versatility in a well-maintained 113,000 SF manufacturing and distribution facility.; - Equipped with heavy power, 7 docks, and 3 drive-in doors.
    (317) 269-1064
    Request Owner's contact information
    1 Lakeland Pl Edmore, MI 48829
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Lakeland Pl
    Edmore, MI 48829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1 Lakeland Pl Edmore, MI 48829
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyle Powell
    Kyle Powell
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!