Versatile 40-Acre Property Near State
230 S Abbe Road, Fairview, MI 48621
Call to check price and availability
Unique property with multiple buildings, suitable for various uses.
Type:Special Purpose
Property size:
4,486 SFLot size:
40.00 AcresPrice / SF:
$122/SF- Added:
- Oct 8, 2024
- Days on Market:
- 586
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 230 S Abbe Road
General Information
- Standard status
- Active
- Size
- 4,486 SF
- Lot size
- 40.00 Acres
- Property subtype
- Special Purpose
Listing agent Ruth Clemens License #65-06043271
Listing office Coldwell Banker Commercial Schmidt, Realtors Prudenville (989) 429-3100
Listing date Oct 8, 2024
Source Crexi
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 Coldwell Banker Commercial Schmidt, Realtors Prudenville
HighLights
- 40‑acre property adjoining over 150,000 acres of state and federal land.
- Features a 4486 sq. ft warehouse with kitchen, bath, insulation, heating, and partial air conditioning, plus a 4‑car garage.
- Five buildings in excellent condition (except for one garage needing new shingles) offer diverse usage possibilities.
- Includes a 750 sq. ft house with a full walkout basement overlooking the Comins Creek Valley.
- Property has existing trails from a former railroad exhibit.
- Also features a 576 sq. ft bunk house and an 18x72 building suitable for various purposes.
Overview
This 40-acre property adjoins over 150,000 acres of state and federal land, offering numerous possibilities. The property formerly hosted a railroad exhibit, and while the tracks are gone, the paths remain as trails throughout the land. It includes five buildings in excellent condition, except for one garage that requires new shingles. A 750 sq ft house with a full walkout basement overlooks the Comins Creek Valley. Additionally, there is a 4486 sq ft warehouse featuring a kitchen, bath, insulation, heating, and partial air conditioning, along with a four-car garage. A 576 sq ft bunkhouse is also present, along with a 24x40 garage needing shingles, and an 18x72 building suitable for a shooting range, horse barn, or other envisioned uses. Currently used as a mail-order distribution center, the business, inventory, and personal property will be removed, but all shelving and furniture can remain. The property is located off M-18 North, east of M-72 to McKinley, right on McKinley, and left on Abbe.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$402.2K
NOI $36,199 @ 9.00% cap · cautious / downside scenario
Moderate
$517.1K
NOI $36,199 @ 7.00% cap · market / base-case scenario
Aggressive
$724.0K
NOI $36,199 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $10.56 |
| − Vacancy | −$4.8k | −$1.07 |
| EGI | $42.6k | $9.49 |
| − OpEx | −$6.4k | −$1.42 |
| NOI | $36.2k | $8.07 |
4,486 SF · lease $10.56/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$517.1K
$452.5K – $603.3K
NOI $36,199 @ 7.0% cap · market cap 6.59%
Second Best
Industrial
$416.4K
$364.3K – $485.8K
NOI $29,147 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$923.4K
$808.0K – $1.08M
NOI $64,638 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Recreation land
Location Insight
- Map
- Local Demand
- City
- Fairview
- County
- Eaton
- State
- Michigan
- Longitude
- -83.9828
- Latitude
- 44.7218
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Unique property with multiple buildings, suitable for various uses.
Where is this specialty property located?
The property is located at 230 S Abbe Road Fairview, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 40‑acre property adjoining over 150,000 acres of state and federal land.; Features a **4486 sq. ft warehouse** with kitchen, bath, insulation, heating, and partial air conditioning, plus a 4‑car garage.; Five buildings in excellent condition (except for one garage needing new shingles) offer diverse usage possibilities.
