Industrial Building with Fenced
32230 Garfield Rd Fraser, MI 48026
32230 Garfield Rd, Fraser, MI, 48026
$500,000
For Sale
$500,000
All-block industrial building includes clear-span space, two large overhead doors, and a fenced yard under IR zoning.
Property Size5,120 SF
Lot Size0.58 Acres
Price / SF$97.66
Days on Market19
Property Features for 32230 Garfield Rd
General Information
- Standard status
- Active
- Size
- 5,120 SF
- Lot size
- 0.58 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
Real Estate One Port Huron
(810) 650-7861
Listed by
Mark Ellis · License #6505431194
(810) 650-7861
Source
Elliman
Added: Jul 4 Updated: Jul 22 at 2:55AM Checked: Jul 22 at 2:55AM
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 Real Estate One Port Huron
Investment Insights
Based on property information with market context.
The property is a 5,120-square-foot all-block industrial building on 0.58 acres, currently undergoing a complete renovation of both the building and grounds. The facility features clear-span construction with 23+ feet of clear height, two oversized 12' x 14' overhead doors for loading and unloading, and two restrooms. An approximately 2,000-square-foot mezzanine provides additional space that can support storage, office use, or other operational needs.
The site includes a large fenced outdoor storage yard, designed for businesses that need secure vehicle, equipment, or material storage. The property is zoned IR (Industrial Restricted) and is intended to support a range of industrial and commercial uses, including contractor and landscaping operations, trucking and warehousing activity, auto repair, and fabrication-type uses.
With durable block construction, high-clear working height, and on-site secure yard storage, this renovated industrial facility offers a practical configuration for owner-users or investors seeking a versatile industrial asset.
The site includes a large fenced outdoor storage yard, designed for businesses that need secure vehicle, equipment, or material storage. The property is zoned IR (Industrial Restricted) and is intended to support a range of industrial and commercial uses, including contractor and landscaping operations, trucking and warehousing activity, auto repair, and fabrication-type uses.
With durable block construction, high-clear working height, and on-site secure yard storage, this renovated industrial facility offers a practical configuration for owner-users or investors seeking a versatile industrial asset.
Key Highlights
- 5,120 SF all‑block industrial/commercial building on 0.58 acres in the Fraser market
- Clear‑span construction with 23+ ft clear height for flexible manufacturing, storage, or equipment layouts
- Fenced yard for secure outdoor storage, plus durable block construction
Local Financial Insights For Retail
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 | $61.4k | $12.00 |
| − Vacancy | −$7.4k | −$1.44 |
| EGI | $54.1k | $10.56 |
| − OpEx | −$16.2k | −$3.17 |
| NOI | $37.8k | $7.39 |
5,120 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$540.7K
$473.1K – $630.8K
NOI $37,847 @ 7.0% cap · market cap 7.57%
Second Best
Warehouse
$478.9K
$419.1K – $558.7K
NOI $33,524 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$958.5K
$838.7K – $1.12M
NOI $67,098 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hope Brothers Custom ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Quick Fast Moving LLC — 17630 Sewel Ave, Fraser, MI 48026
- Public Storage — 31505 Groesbeck Hwy, Fraser, MI 48026
- Added Room Self Storage — 31400 Kendall, Fraser, MI 48026
- Patriot Moving Systems LLC — 31400 Kendall, Fraser, MI 48026
- Public Storage — 32775 Groesbeck Hwy, Fraser, MI 48026
FAQs
What type of property is this?
Warehouse - All-block industrial building includes clear-span space, two large overhead doors, and a fenced yard under IR zoning.
Where is this warehouse located?
The property is located at 32230 Garfield Rd Fraser, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,120 SF all‑block industrial/commercial building on 0.58 acres in the Fraser market; Clear‑span construction with 23+ ft clear height for flexible manufacturing, storage, or equipment layouts; Fenced yard for secure outdoor storage, plus durable block construction
