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    24225 M-60 Homer, MI 49245

    Sponsored
    For Sale
    $4,750,000

    167,042 SF Warehouse/Manufacturing

    Property size:
    167,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 24225 M-60 in Homer, Michigan, presents a significant investment opportunity. The property encompasses 167,042 square feet across two single-story buildings, offering ample space for distribution, manufacturing, or warehousing operations. Built in 1965 and renovated in 2010, the facility boasts a 24-foot ceiling height and is zoned for heavy industrial use. The main building features twelve loading docks of varying sizes (four 12'x14', four 12'x10', two 9'x10', one 18'x10', and one 10'x12'), while the auxiliary building includes two additional loading docks (two 12'x14' and one 10'x10'). The asking price is $4,750,000, translating to $28.44 per square foot. This NNN-leased property is currently vacant, providing immediate occupancy for a new tenant. The property's location in Calhoun County, Michigan, offers convenient access to major transportation routes. With its substantial size, robust infrastructure, and strategic location, this property is ideally suited for a variety of industrial uses. The property's heavy industrial zoning ensures flexibility for a wide range of potential tenants. This is a rare opportunity to acquire a well-maintained, sizable industrial facility in a desirable location.

    Property Features for 24225 M-60

    General Information

    Property type
    Distribution properties
    Square Feet
    167,042 SF

    Building Details

    Year Built/Renovated
    1965/2010
    Buildings
    2
    Stories
    1

    HighLights

    • $4,750,000 asking price for this 167,042 SF industrial property.
    • Located at 24225 M‑60, Homer, MI 49245, this vacant property features two, one‑story buildings.
    • The property boasts 24' ceiling heights and heavy industrial zoning.
    • Features include 3 loading docks and a total of 12 loading doors across both buildings.
    • Built in 1965 and renovated in 2010, this NNN‑leased property offers a price per square foot of $28.44.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Homer
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.836106110621
    Latitude
    42.146059051913

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    FAQs

    What type of property is this?
    Distribution property - 167,042 SF Warehouse/Manufacturing
    Where is this distribution property located?
    The property is located at 24225 M-60 Homer, MI.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: $4,750,000 asking price for this 167,042 SF industrial property.; Located at 24225 M-60, Homer, MI 49245, this vacant property features two, one-story buildings.; The property boasts 24' ceiling heights and heavy industrial zoning.
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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
    24225 M-60 Homer, MI 49245
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