Manufacturing Building with Multiple
31375 Fraser Dr Fraser, MI 48026
31375 Fraser Dr, Fraser, MI, 48026
$1,875,000
For Sale
$1,875,000
Manufacturing facility features crane coverage, multiple grade-level doors, and 16 to 22-foot clear heights.
Property Size23,592 SF
Price / SF$79.48
Days on Market52
Property Features for 31375 Fraser Dr
General Information
- Standard status
- Active
- Size
- 23,592 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1971
Listing agency
Friedman Real Estate
(240) 361-8988
Listed by
Zach Cummings
(240) 361-8988
Source
Friedmanrealestate
Added: Jun 2 Updated: Jul 23 at 5:41AM Checked: Jul 23 at 5:41AM
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 Friedman Real Estate
Investment Insights
Based on property information with market context.
This manufacturing building includes an attached 2,750 SF two-story office and a 1,400 SF bonus mezzanine within the shop area, noted as not included in the total square footage. The shop provides crane coverage with (3) 5-ton cranes and (1) 10-ton crane. Electrical service is listed as 480V, 3-phase, with 2,800 amps, along with bus ducts and airlines throughout the space.
The facility offers 16'–22' clear height and three grade-level doors, including (2) 12x14 doors and (1) 14x14 door. The property is available for lease or for sale.
The facility offers 16'–22' clear height and three grade-level doors, including (2) 12x14 doors and (1) 14x14 door. The property is available for lease or for sale.
Key Highlights
- 23,592 SF manufacturing building built in 1971, available for lease or sale
- Crane coverage includes (3) 5‑ton cranes and (1) 10‑ton crane
- 480V 3‑phase power with 2,800 amps, plus transformer, bus ducts, and airlines throughout
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 | $192.5k | $8.16 |
| − Vacancy | −$10.8k | −$0.46 |
| EGI | $181.7k | $7.70 |
| − OpEx | −$54.5k | −$2.31 |
| NOI | $127.2k | $5.39 |
23,592 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.82M
$1.59M – $2.12M
NOI $127,211 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.42M
$3.86M – $5.15M
NOI $309,176 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Reger Manufacturing Co
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Manufacturing facility features crane coverage, multiple grade-level doors, and 16 to 22-foot clear heights.
Where is this manufacturing property located?
The property is located at 31375 Fraser Dr Fraser, MI.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 23,592 SF manufacturing building built in 1971, available for lease or sale; Crane coverage includes (3) 5‑ton cranes and (1) 10‑ton crane; 480V 3‑phase power with 2,800 amps, plus transformer, bus ducts, and airlines throughout
