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    Development-Ready Industrial Land Site Title is generated by Realmo AI

    15565 Ida West Rd, Petersburg, MI 49270

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    For Sale
    $510,000

    Highway-adjacent land with flat topography suited for outdoor storage, contractor yards, and fleet operations.

    Type:Land
    Added:
    May 4, 2026
    Days on Market:
    34
    Last Refresh:
    Jun 3 at 1:48 am

    Property Features for 15565 Ida West Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Keenan Fields
    Keenan Fields

    Listing agent Keenan Fields

    Listing office Signature Associates - Toledo

    Listing date May 4, 2026

    Source Cpix.resimplifi

    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 - Toledo

    HighLights

    • Site abuts US‑23 along the easterly property line with 700'+/- of frontage.
    • Flat, usable topography suitable for industrial outdoor storage and contractor yards.
    • Access to public utilities: gas, electric, water, and sewer.
    • Suitable for industrial outdoor storage, contractor yards, or fleet operations.
    • Location about 15 minutes north of Toledo and 13 miles north of the Ohio state line.

    Overview

    This development-ready industrial land site is configured for practical outdoor use, with flat, usable topography that supports industrial outdoor storage. It is described as an excellent candidate for flex industrial or warehouse development, with the flexibility to accommodate contractor yards and fleet operations. Neighboring properties include truck storage and ongoing industrial activity.

    The property abuts the expressway (US-23) along its easterly property line and offers approximately 700’ +/- of frontage, providing direct visibility and convenient access for regional operations. The site is positioned roughly 15 minutes north of Toledo and about 13 miles north of the Ohio state line, supporting a distribution footprint between Toledo and Southeast Michigan.

    With access to public utilities including gas, electric, water, and sewer, the site is well positioned for companies evaluating growth along a major corridor. It should appeal to operators seeking land for outdoor storage and fleet staging, as well as developers looking to create flex industrial or warehouse space that serves regional distribution needs.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Building Supply Spa & Massage Center Gym & Fitness Center Skin Care Clinic Storage Facility Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Monroe
    State
    Michigan
    Longitude
    -83.668744
    Latitude
    41.909844

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    FAQs

    What type of property is this?
    Industrial land - Highway-adjacent land with flat topography suited for outdoor storage, contractor yards, and fleet operations.
    Where is this industrial land located?
    The property is located at 15565 Ida West Rd Petersburg, MI.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: Site abuts US‑23 along the easterly property line with 700'+/- of frontage.; Flat, usable topography suitable for industrial outdoor storage and contractor yards.; Access to public utilities: gas, electric, water, and sewer.
    (419) 290-8334
    We can help!
    Listing Contact
    Keenan Fields
    Keenan Fields
    Learn More
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    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.

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