Manufacturing Facility with Heavy Duty
Chesterfield Twp., New Baltimore, MI 48051
For Sale
$2,500,000
Manufacturing facility with heavy-duty vinyl storage structure.
Property Size44,659 SF
Price / SF$55.98
Days on Market288
Property Features for Chesterfield Twp.
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Signature Associates Southfield
Listed By:
Ben Wilkiemeyer · License MI #6501343766
(248) 404-7015
Source:
Tcnworldwide
Added: Jan 27
Changed: Nov 8
Last Checked: Nov 10 at 7:18AM
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 Signature Associates Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing facility features a heavy-duty 4,200 sq. ft. vinyl storage structure that is not included in the square footage. The property includes a pad-mounted transformer with buss duct throughout. The property is situated on a 44,659 sqft lot.
Key Highlights
- Heavy duty 4,200 sq. ft. vinyl storage structure.
- Pad mounted transformer included.
- Buss duct throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,208
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,344,160
$4.3M
Cap Rate 7%
$3,102,971
$3.1M
Cap Rate 9%
$2,413,422
$2.4M
Market Conditions
NOI Build-Up for 44,659 SF
Gross rent
$326.9K $7.32/SF
− Vacancy
−$16.6K −$0.37/SF
EGI
$310.3K $6.95/SF
− OpEx
−$93.1K −$2.08/SF
NOI
$217.2K $4.86/SF
Area
Macomb County, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,344,160
Cap Rate 7%
$3,102,971
Cap Rate 9%
$2,413,422
Alternative Uses
Best Use
Industrial
$3.10M
$2.72M – $3.62M
NOI $217,208 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.36M
$7.32M – $9.75M
NOI $585,262 @ 7.0% cap · market cap 23.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 48051, MI
17,718
Population
7,255
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
1,248
Density / Sq Mi
$89,923
Median Household Income
$50,569
Median Earnings
$1,064
Median Rent
$247,500
Median Home Value
Market
Average Price Trend$/SF for Manufacturing properties in Macomb County, MI
Properties on Market for Manufacturing properties in Macomb County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with heavy-duty vinyl storage structure.
Where is this manufacturing property located?
The property is located at Chesterfield Twp. New Baltimore, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Heavy duty **4,200 sq. ft. vinyl storage structure.**; Pad mounted transformer included.; Buss duct throughout.
