Versatile 40-Acre Property Near State Land

230 S Abbe Road, Fairview, MI 48621

View on Map

For Sale

Contact for pricing

Unique property with multiple buildings, suitable for various uses.

Type:Special Purpose

Property size:

4,486 SF

Lot size:

40.00 Acres

Price / SF:

$122/SF

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.

We can help!

Contact an agent

Ruth Clemens

For Sale

Contact for pricing

Unique property with multiple buildings, suitable for various uses.

Type:Special Purpose

Property size:

4,486 SF

Lot size:

40.00 Acres

Price / SF:

$122/SF

Added:: Oct 8, 2024
Days on Market:: 633
Last Refresh:: May 12 at 10:07 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

Building Details

Year Built: 1960

We can help!

Contact an agent

Ruth Clemens

Listing office Coldwell Banker Commercial Schmidt, Realtors Prudenville

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.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Warehouse

$517.1K

$452.5K – $603.3K (±1% cap)

NOI $36,199 @ 7.0% cap · market cap 6.59%

Second Best

Industrial

$416.4K

$364.3K – $485.8K (±1% cap)

NOI $29,147 @ 7.0% cap · market cap 5.31%

Theoretical Best

Office A

$923.4K

$808.0K – $1.08M (±1% cap)

NOI $64,638 @ 7.0% cap · market cap 11.77%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Recreation land

Suggested Use

Location Insight

Map
Local Demand

City: Fairview
County: Eaton
State: Michigan
Longitude: -83.9828
Latitude: 44.7218

Nearby Similar for Sale

$249,900

10,000 SF

Fairview Land with Large Buildings

7.5 acres with buildings suitable for commercial or industrial use.

99 N Abbe Road, Fairview, MI 48621

View Details
$249,900

10,000 SF

Fairview Commercial Land with Buildings

7.5 acres with large buildings suitable for various purposes.

99 N Abbe Road, Fairview, MI 48621

View Details
$240,000

2,331 SF

Highway Frontage Commercial Building

Commercial building with M-72 frontage and flexible space suitable for office, retail, service, or professional uses.

1956 E Miller Road, Fairview, MI 48621

View Details
$769,000

3,000 SF

Wooded Land with Pole Building

160-acre wooded parcel with insulated pole building near state land.

455 E Helmer Lake Road, Fairview, MI 48621

View Details
$549,000

8,048 SF

Versatile Warehouse/Land Opportunity in Fairview

40-acre property with multiple buildings, suitable for various uses.

230 S Abbe Road, Fairview, MI 48621

View Details
$75,000

Mostly Wooded Recreational Hunting Land

A mostly wooded parcel with a clearing area already served by electric and a well for outdoor use.

10ac Garling Road, Fairview, MI 48621

View Details
$249,900

10,000 SF

Industrial Property with Guest Quarters

Multi-building industrial site with 3-phase power, large vehicle storage, and on-site office and guest living space.

99 Abbe Rd, Fairview, MI 48621

View Details
$60,000

Heavily Wooded Land with Sheds

7.86-acre wooded parcel with storage sheds in Fairview, MI.

3059 N Weaver Road, Fairview, MI 48621

View Details
$29,900

Wooded Land in Fairview, MI

5 wooded acres near Fairview, perfect for a getaway.

1871 E Helmer Lake Road, Fairview, MI 48621

View Details
$240,000

2,330 SF

Commercial Building with Highway Frontage

Versatile building with easy highway access, suitable for office, retail, service, or professional and medical use.

1956 Miller Rd, Fairview, MI 48621

View Details
$869,000

Wooded Acreage with Pole Building

Wooded acreage with a spray-foam insulated pole building, well, underground electric, and a cleared building site.

455 E Helmer Lake, Fairview, MI 48621

View Details
$549,000

8,048 SF

Versatile 40-Acre Commercial Property

40 acres with multiple buildings suitable for various uses.

230 S Abbe Road, Fairview, MI 48621

View Details

For sale
Specialty properties
MI
Fairview
48621
230 S Abbe Road

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.