Midland Industrial Building For
2007 Austin St Midland, MI
2007 Austin St, Midland, MI, 00000
Contact for pricing
For Sale
Contact for pricing
40,167 SF industrial building with office and warehouse space.
Property Size40,167 SF
Lot Size2.87 Acres
Price / SF$59.73
Days on Market239
Property Features for 2007 Austin St
General Information
- Standard status
- Active
- Size
- 40,167 SF
- Lot size
- 2.87 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Trademark Commercial Group
(989) 295-0353
Listed by
Gretchen Witherspoon,SIOR,CCIM
(989) 295-0353
Source
Moodyscre
Added: Nov 24, 2025 Updated: Jul 6 at 9:14 am Checked: Jul 19 at 5:30 am
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 is a 40,167 square foot industrial building situated on approximately 3.712 acres, which includes both the building on the land parcel and an adjoining parking lot parcel. The land parcel is 2.87 acres with the building, plus 0.842 acres for the adjoining parking lot. The entire building is finished as training and office space, but the high bay area can be converted to warehouse, shop, or industrial use by removing the drop ceiling. Approximately 11,000 square feet is one-story office space. The remaining 29,000 square feet of the building has a drop ceiling with an approximate 20-foot concealed ceiling height. The building features one dock/recessed truck well. The property is meticulously maintained, in excellent condition, and has easy access to US-10 Expressway, and is 17 miles to I-75.
Key Highlights
- Approximately 40,167 SF industrial building on 3.712 acres (including adjoining parking lot).
- High bay area adaptable to Warehouse/Shop/Industrial use by removing drop ceiling.
- Meticulously maintained and in excellent condition.
Local 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
Office B
$5.39M
$4.72M – $6.29M
NOI $377,409 @ 7.0% cap · market cap 15.73%
Second Best
Warehouse
$3.27M
$2.86M – $3.81M
NOI $228,614 @ 7.0% cap · market cap 9.53%
Theoretical Best
Flex RnD
$7.25M
$6.34M – $8.46M
NOI $507,488 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Intellimarq
Marketing & Advertising
Midland Solar Applications
Corporate Office
Epayselect, Inc
IT Consulting Firm
Aerotek
Employment Agency
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Similar Off Market Nearby
- Midland Towne Center Storage — 1583 Washington St, Midland, MI 48640
FAQs
What type of property is this?
Warehouse - 40,167 SF industrial building with office and warehouse space.
Where is this warehouse 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: Approximately 40,167 SF industrial building on 3.712 acres (including adjoining parking lot).; High bay area adaptable to Warehouse/Shop/Industrial use by removing drop ceiling.; Meticulously maintained and in excellent condition.
