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    460 Main St Saranac, MI 48881

    Sponsored
    For Lease
    $3 SF/Yr

    Single-tenant warehouse, 175,152 sq ft

    Lot size:
    175,152 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional single-tenant industrial warehouse, located at 460 E Main St, presents a significant leasing opportunity. Boasting a substantial 175,152 square feet of space on an expansive 11.7-acre lot, this property is ideally suited for a variety of industrial uses. Constructed in 1962, the single-story building offers a functional layout with ample space for manufacturing, distribution, or logistics operations. The property features robust power capabilities, including 1000 Amps, 440 Volts, and 3-phase power, ensuring sufficient energy for demanding industrial processes. Multiple loading docks and drive-in doors provide efficient access for loading and unloading goods. High ceilings accommodate diverse storage and operational needs. The property is zoned for industrial use and identified by APN 34-021-001-000-185-00. Its strategic location offers convenient access to major transportation routes, situated halfway between Grand Rapids and Lansing, with I-96 freeway access just 5.5 miles away. This property represents a rare opportunity to secure a large, well-equipped industrial space in a desirable location. The building's size and features make it suitable for businesses requiring significant warehouse or production space. This is a prime opportunity for companies seeking efficient and cost-effective operations.

    Property Features for 460 Main St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    175,152 SF
    Total Rate
    51086

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    17,327 SF
    Rate per SF
    $3

    HighLights

    • 175,152 SF single‑tenant industrial warehouse on 11.7 acres.
    • 1‑story building constructed in 1962.
    • Features 1000 Amps, 440 Volts, 3‑Phase power.
    • Industrially zoned property with APN 34‑021‑001‑000‑185‑00.
    • Located with convenient I‑96 freeway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carhart Products Recycling Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saranac
    County
    Ionia
    State
    Michigan
    Longitude
    -85.202134017003
    Latitude
    42.93184803001

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    FAQs

    What type of property is this?
    Distribution property - Single-tenant warehouse, 175,152 sq ft
    Where is this distribution property located?
    The property is located at 460 Main St Saranac, MI.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 175,152 SF single-tenant industrial warehouse on 11.7 acres.; 1-story building constructed in 1962.; Features 1000 Amps, 440 Volts, 3-Phase power.
    Request Owner's contact information
    460 Main St Saranac, MI 48881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    460 Main St Saranac, MI 48881
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