Warehouse Investment with
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For Sale
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309 North Prospect Street, Sturgis, MI 49091
Warehouse investment on 7.70 acres with two buildings, five-year sale-leaseback, and 9.75% cap rate
Property Size33,000 SF
Price / SF$33.33
Days on Market6
Property Features for 309 North Prospect Street
General Information
Standard status
Active
Size
33,000 SF
Property subtype
Industrial
Listing Agency:
Bradley Company Grand Rapids
Listed By:
R. Kyle Grooters · License #MI
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 9:05AM
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 Bradley Company Grand Rapids
Investment Insights
Based on property information with market context.
309 N Prospect Street presents a stabilized warehouse investment featuring a five-year sale-leaseback with Mad Cheetah Auction House. The offering includes approximately 33,000 square feet across two buildings on 7.70 acres spanning three parcels, supporting an industrial layout designed for day-to-day operations and outdoor storage.
Located in downtown Sturgis near the Indiana border, the property provides convenient accessibility for tenants and logistics needs. The multi-parcel configuration and warehouse format support practical use while allowing flexibility for future ownership planning.
For investors, the combination of the existing sale-leaseback structure and the stated 9.75% cap rate may appeal to those seeking stabilized cash flow with long-term holding characteristics.
Located in downtown Sturgis near the Indiana border, the property provides convenient accessibility for tenants and logistics needs. The multi-parcel configuration and warehouse format support practical use while allowing flexibility for future ownership planning.
For investors, the combination of the existing sale-leaseback structure and the stated 9.75% cap rate may appeal to those seeking stabilized cash flow with long-term holding characteristics.
Key Highlights
- Approximately 33,000 SF across two warehouse buildings
- 7.70 acres on three parcels
- Five‑year sale‑leaseback with Mad Cheetah Auction House
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49091, MI
19,901
Population
8,732
Households
2.3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
87.3 sq mi
ZIP Area
228
Density / Sq Mi
$65,000
Median Household Income
$39,399
Median Earnings
$817
Median Rent
$173,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse investment on 7.70 acres with two buildings, five-year sale-leaseback, and 9.75% cap rate
Where is this warehouse located?
The property is located at 309 North Prospect Street Sturgis, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 33,000 SF across two warehouse buildings; 7.70 acres on three parcels; Five‑year sale‑leaseback with Mad Cheetah Auction House
