Industrial Warehouse with Loading
2505 Thornwood Street Southwest Wyoming, MI 49519
For Sale
Contact for pricing
Industrial facility with 14-16’ clear heights, wet fire suppression, heavy power, and six loading docks.
Property Size33,200 SF
Price / SF$67.77
Days on Market8
Property Features for 2505 Thornwood Street Southwest
General Information
Standard status
Active
Size
33,200 SF
Property subtype
Industrial
Building Details
Year Built
1946
Listing Agency:
Advantage Commercial Real Estate
(616) 327-2616
Listed By:
Lane A. Wells · License #MI 6501418494
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 12:55PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial property offers a total size of 33,200 square feet, combining an office area of approximately 2,000 square feet with a warehouse component. The office includes private offices, a conference room, a break area, and a warehouse manager’s office within the warehouse. In the warehouse, ceiling heights range from 14 feet to 16 feet and the building includes a wet fire suppression system with a new main.
The electrical and loading features are a key part of the facility. The property provides 800 amps of 480V, 3-phase power and includes six loading docks and three drive-in doors. Additional practical amenities include ample parking.
With its combination of office space, multiple loading access points, and substantial power, the building supports industrial users looking for a functional manufacturing, distribution, or warehousing setup.
The electrical and loading features are a key part of the facility. The property provides 800 amps of 480V, 3-phase power and includes six loading docks and three drive-in doors. Additional practical amenities include ample parking.
With its combination of office space, multiple loading access points, and substantial power, the building supports industrial users looking for a functional manufacturing, distribution, or warehousing setup.
Key Highlights
- 33,200 SF industrial building built in 1946, located about 2 miles from I‑96 in Wyoming, Michigan
- Warehouse ceiling heights of 14’ to 16’ clear
- Wet fire suppression system with new main
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 | $228.4k | $6.88 |
| − Vacancy | −$6.6k | −$0.20 |
| EGI | $221.8k | $6.68 |
| − OpEx | −$33.3k | −$1.00 |
| NOI | $188.5k | $5.68 |
33,200 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.74M
$4.15M – $5.53M
NOI $331,728 @ 7.0% cap · market cap 14.74%
Second Best
Warehouse
$2.69M
$2.36M – $3.14M
NOI $188,523 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $415,662 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Rapid Record Storage — 3005 Remico St SW, Grandville, MI 49418
- Square Deal Distribution Center — 2100 Byron Center Ave SW, Wyoming, MI 49519
- Richter Self Storage — 2740 28th St SW, Wyoming, MI 49519
- Big Brother Moving & Storage — 2823 Clydon Ave SW, Wyoming, MI 49519
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with 14-16’ clear heights, wet fire suppression, heavy power, and six loading docks.
Where is this warehouse located?
The property is located at 2505 Thornwood Street Southwest Wyoming, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 33,200 SF industrial building built in 1946, located about 2 miles from I‑96 in Wyoming, Michigan; Warehouse ceiling heights of 14’ to 16’ clear; Wet fire suppression system with new main
