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    1976 Michigan Ave Mobile, AL 36615

    For Lease
    $0.75 SF/Yr

    Prime 3.5-acre site, ideal for development.

    Lot size:
    5,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.5-acre commercial and industrial land parcel is strategically located at the entrance to the Mobile Aeroplex at Brookley in Mobile, Alabama, at the intersection of I-10 and Michigan Avenue (address: 1976 Michigan Ave, Mobile, AL 36615, APN: R023201520005142). The property boasts a prominent position within this thriving transportation and industrial hub, home to numerous companies employing thousands. Its proximity to the future Mobile International Airport ensures significant long-term growth potential. The site offers unparalleled versatility, suitable for a wide range of development projects, including flex space, warehouse/office complexes, gas station/convenience stores, hospitality ventures, office buildings, or retail establishments. A build-to-suit option is available, along with the possibility of a ground lease (all or part). The property currently includes a 5,450-square-foot building recently leased for medical use, presenting an immediate income stream or potential for repurposing. This is a unique opportunity to capitalize on the synergistic environment of the Aeroplex and its strategic location. The property is ready for immediate development.

    Property Features for 1976 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,450 SF
    Total Rate
    340.63

    Unit(s) available at that property

    Space
    Available Space
    Size
    152,460 SF
    Rate per SF
    $1.50

    HighLights

    • Building #2: 1,200‑6,000 SF office/retail space available.
    • Building #3: 1,200‑4,800 SF office/retail space available.
    • Building #4: Up to 40,800 SF warehouse space available.
    • 3.5‑acre ground lease opportunity suitable for fast food, convenience store, or hospitality use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kelsey Ann Goldie ... Nurse Practitioner Robert L Ross ... Occupational Medical Physician Romarius Longmire MD ... Occupational Medical Physician USA Health Industrial ... Medical Clinic Continental Aerospace Technologies Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0775948
    Latitude
    30.6461506

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    FAQs

    What type of property is this?
    Individual retail property - Prime 3.5-acre site, ideal for development.
    Where is this individual retail property located?
    The property is located at 1976 Michigan Ave Mobile, AL.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Building #2: 1,200-6,000 SF office/retail space available.; Building #3: 1,200-4,800 SF office/retail space available.; Building #4: Up to 40,800 SF warehouse space available.
    Request Owner's contact information
    1976 Michigan Ave Mobile, AL 36615
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    Mobile, AL 36615
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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
    1976 Michigan Ave Mobile, AL 36615
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