Industrial Garage Space For
205 N Wood Street Chesaning, MI 48616
For Sale
$265,000
Industrial garage space with approximately 4,500 square feet is available for purchase in Chesaning, with flexibility for lot size modifications.
Days on Market268
Property Features for 205 N Wood Street
General Information
Standard status
Active
Property subtype
Business Opportunity
Building Details
Year Built
1950
Listing Agency:
Century 21 Signature Realty
(989) 239-5581
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Source:
Homesforsaleinmich
Added: Nov 4, 2025
Changed: Jul 26
Last Checked: Jul 29 at 12:49PM
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 Century 21 Signature Realty
Investment Insights
Based on property information with market context.
This offering includes a 4,500 square foot industrial garage space available for purchase. The property is presented as a garage facility, and the lot size may be modified to accommodate additional acquisition requirements.
The property is located at 205 N Wood Street in Chesaning Village, MI 48616.
For buyers seeking a straightforward industrial garage configuration, this space provides a dedicated footprint designed for garage operations, with the ability to adjust the lot size as needed.
The property is located at 205 N Wood Street in Chesaning Village, MI 48616.
For buyers seeking a straightforward industrial garage configuration, this space provides a dedicated footprint designed for garage operations, with the ability to adjust the lot size as needed.
Key Highlights
- Industrial garage space available for purchase in Chesaning
- Approximately 4,500 SF industrial garage space
- Lot size may be modified to accommodate additional acquisition requirements
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 | $35.1k | $7.80 |
| − Vacancy | −$1.6k | −$0.35 |
| EGI | $33.5k | $7.45 |
| − OpEx | −$10.1k | −$2.23 |
| NOI | $23.5k | $5.21 |
4,500 SF · lease $7.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$478.8K
$419.0K – $558.6K
NOI $33,517 @ 7.0% cap · market cap 12.65%
Second Best
Industrial
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 8.85%
Theoretical Best
Specialty Retail
$831.4K
$727.5K – $970.0K
NOI $58,199 @ 7.0% cap · market cap 21.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Swift Windshield Repair — 625 W Broad St Suite B, Chesaning, MI 48616
- Heritage Tire & Service Center — 9996 Peet Rd, Chesaning, MI 48616
- 4 Wheel Buy — 9996 Peet Rd, Chesaning, MI 48616
- FreakShow Construction — 524 s line st, chesaning, mi 48616
- Amman's Garage — 423 E Broad St, Chesaning, MI 48616
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial garage space with approximately 4,500 square feet is available for purchase in Chesaning, with flexibility for lot size modifications.
Where is this auto shop located?
The property is located at 205 N Wood Street Chesaning, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Industrial garage space available for purchase in Chesaning; Approximately 4,500 SF industrial garage space; Lot size may be modified to accommodate additional acquisition requirements
