Industrial Training and Office
2007 Austin St Midland, MI 48642
For Sale
$2,399,000
A 40,167 SF industrial building with dedicated office space and a high-bay area with concealed ceiling height.
Property Size40,167 SF
Lot Size3.71 Acres
Price / SF$59.73
Days on Market178
Property Features for 2007 Austin St
General Information
- Standard status
- Active
- Size
- 40,167 SF
- Lot size
- 3.71 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing Agency:
Trademark Commercial Group
(989) 295-0353
Listed By:
Gretchen Witherspoon · License #6501316390
(989) 295-0353
Source:
Cpix.resimplifi
Added: Jan 27
Changed: Jul 23
Last Checked: Jul 23 at 3:28PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This industrial building includes approximately 11,000 SF of one-story office finished as training and office space. The remaining approximately 29,000 SF is built out with a drop ceiling and an estimated 20’ +/- concealed ceiling height, offering flexibility if the drop ceiling is removed for higher-bay warehouse, shop, or industrial use.
The property sits on approximately 3.712 acres total, including both the building parcel and an adjoining parking lot parcel. It features a dock/recessed truck well and is described as in excellent, meticulously maintained condition. Easy access to US-10 Expressway is noted, with approximately 17 miles to I-75.
The existing configuration combines office/training improvements with a high-bay area that can be converted by removing the drop ceiling, depending on the buyer’s intended use.
The property sits on approximately 3.712 acres total, including both the building parcel and an adjoining parking lot parcel. It features a dock/recessed truck well and is described as in excellent, meticulously maintained condition. Easy access to US-10 Expressway is noted, with approximately 17 miles to I-75.
The existing configuration combines office/training improvements with a high-bay area that can be converted by removing the drop ceiling, depending on the buyer’s intended use.
Key Highlights
- 40,167 SF industrial building built in 1998 on 3.712 acres (2.87 acres with building + 0.842 acres adjoining parking lot).
- Includes approx. 11,000 SF 1‑story office space plus approx. 29,000 SF high‑bay area.
- High‑bay area has concealed ceiling height of approx. 20' +/- with drop ceiling; can be converted to warehouse/shop/industrial use with drop ceiling removed.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.3k | $7.80 |
| − Vacancy | −$20.4k | −$0.51 |
| EGI | $292.9k | $7.29 |
| − OpEx | −$87.9k | −$2.19 |
| NOI | $205.1k | $5.11 |
40,167 SF · lease $7.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$7.25M
$6.34M – $8.46M
NOI $507,488 @ 7.0% cap · market cap 21.15%
Second Best
Warehouse
$3.27M
$2.86M – $3.81M
NOI $228,614 @ 7.0% cap · market cap 9.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Intellimarq
Marketing & Advertising
Midland Solar Applications
Corporate Office
Epayselect, Inc
IT Consulting Firm
Aerotek
Employment Agency
Similar Off Market Nearby
- Bone Daddy's BBQ — 1900 S Saginaw Rd, Midland, MI 48640
FAQs
What type of property is this?
Flex space - A 40,167 SF industrial building with dedicated office space and a high-bay area with concealed ceiling height.
Where is this flex space located?
The property is located at 2007 Austin St Midland, MI.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 40,167 SF industrial building built in 1998 on 3.712 acres (2.87 acres with building + 0.842 acres adjoining parking lot).; Includes approx. 11,000 SF 1‑story office space plus approx. 29,000 SF high‑bay area.; High‑bay area has concealed ceiling height of approx. 20' +/- with drop ceiling; can be converted to warehouse/shop/industrial use with drop ceiling removed.
