Two-Unit Warehouse with Dual
For Sale
Contact for pricing
14000 Old 14 Mile Rd NE, Greenville, MI 48838
Commercial warehouse with divided space, recent building upgrades, and frontage on two roads.
Property Size9,264 SF
Price / SF$0.70
Days on Market206
Property Features for 14000 Old 14 Mile Rd NE
General Information
Standard status
Active
Size
9,264 SF
Property subtype
Industrial
Zoning
201 Commercial
Lease Type
Modified Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1975
Buildings
1
Building Size
9,264 SF
Listing Agency:
Michigan Property Partners
Listed By:
Christi Cronk · License #6502418092
(616) 884-0030
Source:
Carwm.resimplifi
Added: Mar 25
Changed: Oct 10
Last Checked: Oct 16 at 5:57AM
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 Michigan Property Partners
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Investment Insights
Based on property information with market context.
This 9,264-square-foot warehouse was built in 1975 and is configured as two separate units. One unit is leased with 18 months remaining on the lease, while the other provides additional warehouse space. Improvements include insulated walls and ceiling, new windows, a new well pump, a recoated roof, painted exterior, a new heater in the front unit, and updated bathroom and office areas. The rear unit has air lines installed throughout the warehouse, and Phase 3 is ready to be hooked up.
The property covers over 2 acres and has frontage on both M-57 and Old 14 Mile Rd. Two billboards are located on-site and generate additional income. The property is zoned 201 Commercial and is located at 14000 Old 14 Mile Rd NE in Greenville, Michigan.
The property covers over 2 acres and has frontage on both M-57 and Old 14 Mile Rd. Two billboards are located on-site and generate additional income. The property is zoned 201 Commercial and is located at 14000 Old 14 Mile Rd NE in Greenville, Michigan.
Key Highlights
- 9,264‑square‑foot warehouse on over 2 acres
- Two‑unit configuration with one unit leased and 18 months left on lease
- Frontage on both M‑57 and Old 14 Mile Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,430,760
$3.4M
Cap Rate 7%
$2,450,543
$2.5M
Cap Rate 9%
$1,905,978
$1.9M
Market Conditions
NOI Build-Up for 9,264 SF
Gross rent
$206.8K $22.32/SF
− Vacancy
−$5.0K −$0.54/SF
EGI
$201.8K $21.78/SF
− OpEx
−$30.3K −$3.27/SF
NOI
$171.5K $18.52/SF
Area
Montcalm County, MI
Vacancy
2.40%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,430,760
Cap Rate 7%
$2,450,543
Cap Rate 9%
$1,905,978
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,538 @ 7.0% cap · market cap 2,639.05%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$128.21M
$112.18M – $149.58M
NOI $8,974,586 @ 7.0% cap · market cap 138,070.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48838, MI
18,801
Population
7,461
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
90%
High-School Grad
93.1 sq mi
ZIP Area
202
Density / Sq Mi
$66,126
Median Household Income
$36,802
Median Earnings
$910
Median Rent
$190,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial warehouse with divided space, recent building upgrades, and frontage on two roads.
Where is this warehouse located?
The property is located at 14000 Old 14 Mile Rd NE Greenville, MI.
What are key features of this property?
This property features: 9,264‑square‑foot warehouse on over 2 acres; Two‑unit configuration with one unit leased and 18 months left on lease; Frontage on both M‑57 and Old 14 Mile Rd
