Multi-Building Industrial
5720 Bates Rd Williamsburg, MI 49690
5720 Bates Rd, Williamsburg, MI, 49690
$3,199,000
For Sale
$3,199,000
Three industrial buildings with multiple overhead doors and active utilities offer flexible space for warehouse and service uses.
Property Size48,700 SF
Lot Size20.00 Acres
Price / SF$65.69
Days on Market51
Property Features for 5720 Bates Rd
General Information
- Standard status
- Active
- Size
- 48,700 SF
- Lot size
- 20.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing agency
Exit Realty of Elk Rapids
(231) 835-1650
Listed by
Audra Jackson · License #6501402998
(231) 835-1650
Source
Elliman
Added: Jun 1 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:38AM
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 Exit Realty of Elk Rapids
Investment Insights
Based on property information with market context.
This 20-acre industrial property totals 48,700 sq ft across three buildings, served by two wells and two septic systems. Building A is a 28,800 sq ft steel structure with two overhead doors and clear span wall heights ranging from 20 to 26 feet; it does not include heat or restroom facilities. Building B offers 14,400 sq ft in a steel shell with insulated 16-foot side walls, plus an 80 x 80 cooler area, a truck dock, private offices, two restrooms, and heating and air conditioning. Building C is a 5,500 sq ft pole-frame structure with a steel roof, 13-foot side walls, and four 12 x 12 overhead doors. Fixtures and business equipment in Building C are scheduled for removal prior to closing.
The property is located on Bates Rd in Acme Township, Michigan. The overall site is car-dependent per its Walk Score and bike score, supporting vehicle-oriented operations.
The mix of clear-span warehouse space, office and restroom amenities in Building B, and service-oriented configuration in Building C (currently used as an auto repair garage) can support a range of industrial and automotive-related tenants, as well as buyers seeking multiple functional environments within one site.
The property is located on Bates Rd in Acme Township, Michigan. The overall site is car-dependent per its Walk Score and bike score, supporting vehicle-oriented operations.
The mix of clear-span warehouse space, office and restroom amenities in Building B, and service-oriented configuration in Building C (currently used as an auto repair garage) can support a range of industrial and automotive-related tenants, as well as buyers seeking multiple functional environments within one site.
Key Highlights
- 20‑acre industrial property with 48,700 sq ft across three buildings (built in 2017)
- Building A offers 28,800 sq ft steel structure with two overhead doors and clear span wall heights of 20'–26'
- Building B provides 14,400 sq ft with insulated 16 ft side walls, an 80' x 80' cooler area, truck dock, private offices, and heat/AC
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 | $438.3k | $9.00 |
| − Vacancy | −$32.9k | −$0.68 |
| EGI | $405.4k | $8.33 |
| − OpEx | −$121.6k | −$2.50 |
| NOI | $283.8k | $5.83 |
48,700 SF · lease $9.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.60M
$7.53M – $10.04M
NOI $602,166 @ 7.0% cap · market cap 18.82%
Second Best
Warehouse
$5.54M
$4.84M – $6.46M
NOI $387,557 @ 7.0% cap · market cap 12.11%
Theoretical Best
Office A
$10.58M
$9.26M – $12.34M
NOI $740,552 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Acme Mini Storage — 6985 M-72, Williamsburg, MI 49690
- AAA Self Storage — 6631 M-72, Williamsburg, MI 49690
FAQs
What type of property is this?
Warehouse - Three industrial buildings with multiple overhead doors and active utilities offer flexible space for warehouse and service uses.
Where is this warehouse located?
The property is located at 5720 Bates Rd Williamsburg, MI.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 20‑acre industrial property with 48,700 sq ft across three buildings (built in 2017); Building A offers 28,800 sq ft steel structure with two overhead doors and clear span wall heights of 20'–26'; Building B provides 14,400 sq ft with insulated 16 ft side walls, an 80' x 80' cooler area, truck dock, private offices, and heat/AC
