Listed By: Stephen Hershfield Show Phone

Source: Cbre

Added: Jun 2 Changed: Oct 3 Last Checked: Oct 16 at 7:57AM

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Investment Insights

Based on property information with market context.

The property comprises a 21,072-square-foot industrial building configured for warehouse and distribution use. Constructed in 1988, the facility has undergone more recent renovations and occupies a 4.00-acre site. The current lease is approaching expiration, after which the building is expected to become vacant.

Located in Freeland, the property is directly across from MBS Airport and near M-47, providing a setting suited to industrial occupancy and distribution operations. The combination of substantial building area, acreage, and an anticipated vacancy creates flexibility for future owner-user or investor consideration.

Key Highlights

• 21,072‑square‑foot industrial warehouse and distribution facility
• 4.00‑acre site in Freeland, MI
• Across the street from MBS Airport

Property Analytics

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Current Use

Distribution centers

Suggested Use

Top Pick Building Supply Real Estate Agency Electrical Service Big Box & Wholesale Store Parking Lot & Garage Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 48623, MI

15,105

Population

5,495

Households

2.7

Avg Household Size

41

Median Age

33%

College-Educated

96%

High-School Grad

72.8 sq mi

ZIP Area

207

Density / Sq Mi

$96,371

Median Household Income

$54,433

Median Earnings

$1,176

Median Rent

$230,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Renovated warehouse and distribution facility with an upcoming lease expiration and airport-adjacent positioning.

Where is this distribution center located?

The property is located at 8050 Garfield Road Freeland, MI.

What is the asking price?

The asking price for this property is $890,937.

What are key features of this property?

This property features: 21,072‑square‑foot industrial warehouse and distribution facility; 4.00‑acre site in Freeland, MI; Across the street from MBS Airport