Turnkey Tool Shop
54145 Bates Rd New Baltimore, MI 48051
54145 Bates Rd, New Baltimore, MI, 48051
$2,400,000
For Sale
$2,400,000
Multi-building light industrial campus with cranes, multiple loading doors, and office space configured for tool shop operations.
Property Size28,298 SF
Lot Size8.45 Acres
Price / SF$84.81
Days on Market156
Property Features for 54145 Bates Rd
General Information
- Standard status
- Active
- Size
- 28,298 SF
- Lot size
- 8.45 Acres
- Property subtype
- Industrial
Listing agency
Thomas A. Duke Company
(248) 479-0130
Listed by
Dave Tesch
Source
Cpix.resimplifi
Added: Feb 17 Updated: Jul 22 at 10:24PM Checked: Jul 22 at 10:24PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
Turnkey light industrial campus on 8.45 acres featuring three buildings totaling 28,298 SF. The 17,366 SF main facility includes 2,250 SF of office, south-facing passive solar windows, a wood-fed boiler, and multiple loading options including one interior truck well, two loading docks, and six grade-level doors. The annex adds 8,692 SF with 20' clear ceilings and additional crane capacity. A 2,240 SF pole barn provides extra storage.
The campus includes multiple 5-ton cranes, plus a 10-ton crane and a swing arm crane. Included machinery and equipment have been appraised at fair market value of $652,175 (2025). Rights to the cell tower are not included in the sale.
This property is presented as a fully equipped manufacturing/tool shop operation with wood, metal, and CNC capabilities and is suited for an owner-user or a multi-tenant conversion, based on the existing shop and overhead lifting infrastructure.
The campus includes multiple 5-ton cranes, plus a 10-ton crane and a swing arm crane. Included machinery and equipment have been appraised at fair market value of $652,175 (2025). Rights to the cell tower are not included in the sale.
This property is presented as a fully equipped manufacturing/tool shop operation with wood, metal, and CNC capabilities and is suited for an owner-user or a multi-tenant conversion, based on the existing shop and overhead lifting infrastructure.
Key Highlights
- 8.45‑acre light industrial campus with 3 buildings totaling 28,298 SF: 17,366 SF main, 8,692 SF annex, and 2,240 SF pole barn
- 17,366 SF main facility includes 2,250 SF office, multiple dock and grade‑level doors, and south‑facing passive solar windows
- Multiple cranes on‑site: three 5‑ton cranes, plus a 10‑ton crane and a swing arm crane
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 | $230.9k | $8.16 |
| − Vacancy | −$12.9k | −$0.46 |
| EGI | $218.0k | $7.70 |
| − OpEx | −$65.4k | −$2.31 |
| NOI | $152.6k | $5.39 |
28,298 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.18M
$1.91M – $2.54M
NOI $152,586 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.30M
$4.64M – $6.18M
NOI $370,849 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Briggs Industries Inc
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Multi-building light industrial campus with cranes, multiple loading doors, and office space configured for tool shop operations.
Where is this manufacturing property located?
The property is located at 54145 Bates Rd New Baltimore, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 8.45‑acre light industrial campus with 3 buildings totaling 28,298 SF: 17,366 SF main, 8,692 SF annex, and 2,240 SF pole barn; 17,366 SF main facility includes 2,250 SF office, multiple dock and grade‑level doors, and south‑facing passive solar windows; Multiple cranes on‑site: three 5‑ton cranes, plus a 10‑ton crane and a swing arm crane
