Versatile Industrial Flex
W 3090 W Cook Road Unit SourceFi Grand Blanc, MI 48439
W 3090 W Cook Road Unit SourceFi, Grand Blanc, MI, 48439
$1,175,000
For Sale
$1,175,000
Multiple buildings with a newly renovated office component and substantial parking, with 407 feet of frontage on US-23.
Property Size18,000 SF
Price / SF$65.28
Days on Market1158
Property Features for W 3090 W Cook Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing agency
The Agency of Gateway
(810) 513-4632
Listed by
Thomas Diegel · License #6501397878
(810) 513-4632
Source
Xome
Added: May 22, 2023 Updated: Jul 19 at 2:11AM Checked: Jul 21 at 2:58AM
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 The Agency of Gateway
Investment Insights
Based on property information with market context.
This versatile commercial/industrial property includes multiple buildings designed to support a wide range of on-site uses. A newly renovated office building is part of the overall configuration, complemented by massive amounts of indoor space and extensive parking to support day-to-day operations.
The property offers 407 feet of frontage on US-23, located just south of the Grand Blanc Rd. exit. Access and visibility to US-23 are key site features for tenant and customer awareness.
The current owner/bespoke operation is relocating due to growth of its manufacturing division. BATVAI applies, and land contract terms are possible for qualified buyers.
The property offers 407 feet of frontage on US-23, located just south of the Grand Blanc Rd. exit. Access and visibility to US-23 are key site features for tenant and customer awareness.
The current owner/bespoke operation is relocating due to growth of its manufacturing division. BATVAI applies, and land contract terms are possible for qualified buyers.
Key Highlights
- 407 ft of frontage on US‑23 just south of the Grand Blanc Rd. exit
- Multiple buildings on‑site, including a newly renovated office component
- Substantial on‑site parking
Local Financial Insights For Industrial
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 | $162.0k | $9.00 |
| − Vacancy | −$16.4k | −$0.91 |
| EGI | $145.6k | $8.09 |
| − OpEx | −$43.7k | −$2.43 |
| NOI | $101.9k | $5.66 |
18,000 SF · lease $9.00/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.83M
$2.48M – $3.30M
NOI $198,294 @ 7.0% cap · market cap 16.88%
Second Best
Industrial
$1.46M
$1.27M – $1.70M
NOI $101,947 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,137 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leading Edge Pools ...
Industrial Manufacturer
Midwest Pools, Inc.
General Contractor
Cold Stoppers
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Multiple buildings with a newly renovated office component and substantial parking, with 407 feet of frontage on US-23.
Where is this manufacturing property located?
The property is located at W 3090 W Cook Road Unit SourceFi Grand Blanc, MI.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 407 ft of frontage on US‑23 just south of the Grand Blanc Rd. exit; Multiple buildings on‑site, including a newly renovated office component; Substantial on‑site parking
