Industrial Garage
New
For Sale
$265,000
205 N Wood Street, Chesaning, MI 48616
The commercial-zoned property offers a garage configuration for industrial use.
Property Size4,500 SF
Price / SF$58.89
Days on Market5
Property Features for 205 N Wood Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
4,500 SF
Year Built
1950
Listing Agency:
Century 21 Signature Realty
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:27PM
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
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Investment Insights
Based on property information with market context.
This industrial property is a 4,500-square-foot garage building constructed in 1950. The site is zoned Commercial. Its parcel size may be adjusted to accommodate additional acquisition requirements.
Key Highlights
- 4,500‑square‑foot industrial garage building
- Commercial zoning
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,464
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,280
$469.3K
Cap Rate 7%
$335,200
$335.2K
Cap Rate 9%
$260,711
$260.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$35.1K $7.80/SF
− Vacancy
−$1.6K −$0.35/SF
EGI
$33.5K $7.45/SF
− OpEx
−$10.1K −$2.23/SF
NOI
$23.5K $5.21/SF
Area
Saginaw County, MI
Vacancy
4.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,280
Cap Rate 7%
$335,200
Cap Rate 9%
$260,711
Alternative Uses
Best Use
Industrial
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 48616, MI
7,458
Population
3,226
Households
2.3
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
81.1 sq mi
ZIP Area
92
Density / Sq Mi
$67,801
Median Household Income
$39,141
Median Earnings
$744
Median Rent
$153,400
Median Home Value
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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?
Industrial property - The commercial-zoned property offers a garage configuration for industrial use.
Where is this industrial property 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: 4,500‑square‑foot industrial garage building; Commercial zoning; Built in 1950
