Warehouse Property with Loading
For Sale
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26767 US HIGHWAY 12, Sturgis, MI 49091
C-2-zoned warehouse property combines industrial space, loading infrastructure, and an additional land parcel.
Property Size46,539 SF
Days on Market639
Property Features for 26767 US HIGHWAY 12
General Information
Standard status
Active
Size
46,539 SF
Property subtype
Industrial
Zoning
C-2
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
4
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Amenities
overhead doors
loading docks
12'-16' ceilings
1-ton crane
thermo-cycler heater
office/kitchenette
Building Details
Year Built
1965
Listing Agency:
Callander Commercial
Listed By:
Derek Wissner · License #6506048809
(269) 930-1679
Source:
Carwm.resimplifi
Added: Jan 15, 2025
Changed: Sep 30
Last Checked: Oct 16 at 5:56AM
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 Callander Commercial
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Investment Insights
Based on property information with market context.
The property includes a 26,245-square-foot warehouse suite with four overhead doors, four loading docks, ceiling heights ranging from 12 to 16 feet, and 480V three-phase power. A 1-ton crane, sprinkler system, new thermo-cycler heater, and a small office with kitchenette support warehouse operations. Three additional spaces are leased, and an extra 2.7-acre lot is included in the offering.
Located at 26767 US Highway 12 in Sturgis, Michigan, the property is approximately three miles from the I-80/I-90 Toll Road via SR-9. The site is zoned C-2 and includes vacant land parcel #01501100111. Loading capacity consists of two internal docks and two external docks.
Located at 26767 US Highway 12 in Sturgis, Michigan, the property is approximately three miles from the I-80/I-90 Toll Road via SR-9. The site is zoned C-2 and includes vacant land parcel #01501100111. Loading capacity consists of two internal docks and two external docks.
Key Highlights
- 26,245‑square‑foot warehouse suite
- Four overhead doors and four loading docks: two internal and two external
- 12'-16' ceiling heights with 480V 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$845,242
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,904,840
$16.9M
Cap Rate 7%
$12,074,886
$12.1M
Cap Rate 9%
$9,391,578
$9.4M
Market Conditions
NOI Build-Up for 46,539 SF
Gross rent
$1.02M $21.96/SF
− Vacancy
−$27.6K −$0.59/SF
EGI
$994.4K $21.37/SF
− OpEx
−$149.2K −$3.21/SF
NOI
$845.2K $18.16/SF
Area
St. Joseph County, MI
Vacancy
2.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,904,840
Cap Rate 7%
$12,074,886
Cap Rate 9%
$9,391,578
Alternative Uses
Best Use
Warehouse
$12.07M
$10.57M – $14.09M
NOI $845,242 @ 7.0% cap · market cap 17,075,595.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$579.89M
$507.40M – $676.54M
NOI $40,592,185 @ 7.0% cap · market cap 820,044,141.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49091, MI
19,901
Population
8,732
Households
2.3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
87.3 sq mi
ZIP Area
228
Density / Sq Mi
$65,000
Median Household Income
$39,399
Median Earnings
$817
Median Rent
$173,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Heartland Storage - Sturgis B — 68769 N White School Rd, Sturgis, MI 49091
Frequently Asked Questions
What type of property is this?
Warehouse - C-2-zoned warehouse property combines industrial space, loading infrastructure, and an additional land parcel.
Where is this warehouse located?
The property is located at 26767 US HIGHWAY 12 Sturgis, MI.
What are key features of this property?
This property features: 26,245‑square‑foot warehouse suite; Four overhead doors and four loading docks: two internal and two external; 12'-16' ceiling heights with 480V 3‑phase power
