Building Details

Year Built 1837

Buildings 2

Stories 3

Listing Agency: RE/MAX Select

Listed By: Shane Adams · License #6501268702 Show Phone

Source: Katie-k

Added: Jul 15 Changed: Sep 9 Last Checked: Oct 5 at 10:14PM

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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 RE/MAX Select

Investment Insights

Based on property information with market context.

This historic grain mill contains 5,140 sq. ft. across three levels along Ore Creek. The property includes an additional pole barn on the north side, while existing floorplans have been developed for either a restaurant or brewery concept. The multi-level configuration can accommodate dining areas, private events, and expanded operations, subject to final design and approvals.

Plans call for renovating the parking lot to provide 27 spaces and support an approximate 70-person capacity. Elevator installation has also been considered to improve access to the upper floors. Located at 8572 Silver Lake Road in Linden, Michigan, the property offers a distinctive historic structure with a natural setting beside Ore Creek.

Key Highlights

• 5,140 sq. ft. historic grain mill spanning three levels
• Additional pole barn positioned on the north side of the property
• Floorplans developed for a restaurant or brewery concept

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,575

Cap Rate

5.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$911,500 $911.5K

Cap Rate 7%

$651,071 $651.1K

Cap Rate 9%

$506,389 $506.4K

Market Conditions

NOI Build-Up for 5,140 SF

Gross rent

$74.0K $14.40/SF

− Vacancy

−$13.2K −$2.58/SF

EGI

$60.8K $11.82/SF

− OpEx

−$15.2K −$2.96/SF

NOI

$45.6K $8.87/SF

Area

Genesee County, MI

Vacancy

17.90%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$911,500

Cap Rate 7%

$651,071

Cap Rate 9%

$506,389

Alternative Uses

Best Use

Specialty Retail

$651.1K

$569.7K – $759.6K (±1% cap)

NOI $45,575 @ 7.0% cap · market cap 5.70%

Second Best

Industrial

$415.9K

$363.9K – $485.2K (±1% cap)

NOI $29,111 @ 7.0% cap · market cap 3.64%

Theoretical Best

Office A

$1.08M

$946.4K – $1.26M (±1% cap)

NOI $75,711 @ 7.0% cap · market cap 9.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Computer Sales & Services ... Computer & Electronic Repair

Suggested Use

Top Pick Building Supply Restaurant Law Firm Auto Repair Shop Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Explore this area Business Placement

Demographics for 48451, MI

16,033

Population

6,005

Households

2.7

Avg Household Size

44

Median Age

32%

College-Educated

95%

High-School Grad

34.1 sq mi

ZIP Area

470

Density / Sq Mi

$95,616

Median Household Income

$52,871

Median Earnings

$973

Median Rent

$268,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this breweries located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Brewery - Historic commercial building with developed plans for restaurant or brewery conversion and a flexible multi-level layout.

Where is this brewery located?

The property is located at 8572 Silver Lake Rd Linden, MI.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 5,140 sq. ft. historic grain mill spanning three levels; Additional pole barn positioned on the north side of the property; Floorplans developed for a restaurant or brewery concept