Industrial Garage
205 N Wood Street Chesaning, MI 48616
For Sale
$265,000
COMMERCIAL - Chesaning, MI
Property Size4,500 SF
Lot Size0.20 Acres
Price / SF$58.89
Days on Market268
Property Features for 205 N Wood Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Standard status
Active
APN
13093160527700
Size
4,500 SF
Lot size
0.20 Acres
Utilities
Water source
Public
Building Details
Year built
1950
Roof type
Rubber, Flat
Listing Agency:
Century 21 Signature Realty
(989) 921-7000
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Nov 4, 2025
Changed: Jun 3
Last Checked: Jul 30 at 2:06AM
MLS# 50193499
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering is an industrial garage building totaling 4,500 square feet. The space is provided for sale and sits on a lot listed at 0.2 acres. The property is structured to allow the lot size to be modified to accommodate additional acquisition requirements.
The property is located at 205 N Wood Street in Chesaning, Michigan, in Saginaw County (postal code 48616). The listing information describes the site as a dedicated industrial garage setup suitable for light industrial storage or operational use.
For buyers seeking a compact industrial asset, this property’s single building configuration can simplify planning for warehouse or garage-style needs within a small footprint. The ability to adjust the lot size may also support expansion or packaging with additional acquisition requirements, depending on buyer goals.
The property is located at 205 N Wood Street in Chesaning, Michigan, in Saginaw County (postal code 48616). The listing information describes the site as a dedicated industrial garage setup suitable for light industrial storage or operational use.
For buyers seeking a compact industrial asset, this property’s single building configuration can simplify planning for warehouse or garage-style needs within a small footprint. The ability to adjust the lot size may also support expansion or packaging with additional acquisition requirements, depending on buyer goals.
Key Highlights
- 4,500 SF industrial garage space available for purchase in Chesaning
- Off‑street parking
- Public water service
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
Warehouse
$440.6K
$385.6K – $514.1K
NOI $30,845 @ 7.0% cap · market cap 11.64%
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
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Valentine Mini Storage — 805 Brady St, Chesaning, MI 48616
Frequently Asked Questions
What type of property is this?
Warehouse - Purchase a 4,500 SF industrial garage space in Chesaning with a flexible lot size for additional acquisition needs.
Where is this warehouse 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 SF industrial garage space available for purchase in Chesaning; Off‑street parking; Public water service
