Shelbyville Industrial/Warehouse
2380 South Patterson Road Shelbyville, MI 49344
2380 South Patterson Road, Shelbyville, MI, 49344
$225,000
For Sale
$225,000
1,782 SF industrial/warehouse building on 0.244 acres for sale.
Property Size1,782 SF
Lot Size0.24 Acres
Price / SF$126.26
Days on Market152
Property Features for 2380 South Patterson Road
General Information
- Standard status
- Active
- Size
- 1,782 SF
- Lot size
- 0.24 Acres
- Property subtype
- IND
Listing Agency
Keller Williams Realty Rivertown
(616) 299-6846
Listed by
Larry Branscombe
(616) 299-6846
Source
Realnex
Added: Feb 17 Checked: Jul 10 at 3:54 pm
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 Keller Williams Realty Rivertown
Investment Insights
Based on property information with market context.
Located in Shelbyville on S. Patterson Road just off 124th Avenue, this 1,782 square foot industrial/warehouse/storage building is situated on a 10,628 square foot lot (0.244 acres). This property is suitable for investors or owner-users. It offers flexibility for various commercial or light industrial uses, including warehouse, storage, contractor space, service-based business, or small-scale distribution. The site benefits from road frontage and consistent traffic flow, providing exposure and accessibility. This property presents immediate and long-term potential for expanding operations, launching a new venture, or adding to an investment portfolio.
Key Highlights
- Excellent location in Shelbyville with high visibility and accessibility.
- 1,782 sq ft industrial/warehouse/storage building.
- Generous 10,628 sq ft lot (0.244 acres).
Local Financial Insights For Warehouse
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 | $12.3k | $6.88 |
| − Vacancy | −$356 | −$0.20 |
| EGI | $11.9k | $6.68 |
| − OpEx | −$1.8k | −$1.00 |
| NOI | $10.1k | $5.68 |
1,782 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$144.6K
$126.5K – $168.7K
NOI $10,119 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$119.0K
$104.2K – $138.9K
NOI $8,333 @ 7.0% cap · market cap 3.70%
Theoretical Best
Hotel Hospitality
$16.73M
$14.64M – $19.52M
NOI $1,171,438 @ 7.0% cap · market cap 520.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - 1,782 SF industrial/warehouse building on 0.244 acres for sale.
Where is this warehouse located?
The property is located at 2380 South Patterson Road Shelbyville, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Excellent location in Shelbyville with **high visibility and accessibility**.; **1,782 sq ft industrial/warehouse/storage building**.; Generous 10,628 sq ft lot (0.244 acres).
