Refrigerated Cold Storage
For Sale
$649,000
278 W Maple Street, Muir, MI 48860
Commercial Sale, Muir, MI
Property Size1,800 SF
Lot Size3.34 Acres
Price / SF$360.56
Days on Market177
Property Features for 278 W Maple Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Ionia
Middle school district
Ionia
High school district
Ionia
Directions
Buildings are located on M-21, in Muir.
Standard status
Active
APN
082-900-000-295-00
Size
1,800 SF
Lot size
3.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lengthy legal
Tax Annual Amount
8619
Legal Description
Lengthy legal
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
walk-in freezers and refrigerators
loading dock
overhead doors
heated shop
Building Details
Year built
1980
Number of units
1
Building materials
Metal Siding
Roof type
Rubber
Listing Agency:
Five Star Real Estate (Ada)
(616) 425-7600
Listed By:
Deborah Thornton
(616) 318-1684
Added: Apr 12
Changed: Sep 12
Last Checked: Oct 5 at 7:06PM
MLS# 26016481
Copyright © 2026 Michigan Regional Information Center, LLC. 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.
This 1,800-square-foot refrigerated and cold storage property includes large walk-in freezers and refrigerators, two bathrooms, central air, and forced-air heating. Built in 1980, the main building has metal siding and a rubber roof.
The 3.34-acre property at 278 W Maple Street in Muir, Michigan, provides substantial parking and a rear loading dock. A separate maintenance building adds three overhead doors and a heated shop, expanding the site’s functional support space for storage, service, or related operations.
The 3.34-acre property at 278 W Maple Street in Muir, Michigan, provides substantial parking and a rear loading dock. A separate maintenance building adds three overhead doors and a heated shop, expanding the site’s functional support space for storage, service, or related operations.
Key Highlights
- 1,800 square feet of refrigerated and cold storage space
- Large walk‑in freezers and refrigerators
- 3.34‑acre property with substantial parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,009
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,180
$480.2K
Cap Rate 7%
$342,986
$343.0K
Cap Rate 9%
$266,767
$266.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$2.1K −$1.18/SF
EGI
$32.0K $17.78/SF
− OpEx
−$8.0K −$4.45/SF
NOI
$24.0K $13.34/SF
Area
Ionia County, MI
Vacancy
6.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,180
Cap Rate 7%
$342,986
Cap Rate 9%
$266,767
Alternative Uses
Best Use
Specialty Retail
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$251.1K
$219.7K – $293.0K
NOI $17,577 @ 7.0% cap · market cap 2.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 48860, MI
1,309
Population
517
Households
2.5
Avg Household Size
39
Median Age
6%
College-Educated
94%
High-School Grad
28.2 sq mi
ZIP Area
46
Density / Sq Mi
$58,750
Median Household Income
$41,759
Median Earnings
$771
Median Rent
$162,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Includes walk-in freezers, refrigerators, rear loading access, and a separate heated shop.
Where is this refrigerated & cold storage located?
The property is located at 278 W Maple Street Muir, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,800 square feet of refrigerated and cold storage space; Large walk‑in freezers and refrigerators; 3.34‑acre property with substantial parking
