Property profile

233 M-140 Watervliet, MI 49098

OFF-MARKET
Industrial properties
4,200 SF 1 ac lot Built 1950
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Property summary

AI-generated overview

This well-established industrial property, located at 233 M-140 in Watervliet, Michigan, presents a unique investment opportunity. Spanning 4,200 square feet and situated on a one-acre lot, this property boasts a rich history, having been under the same ownership for over four decades. The property includes a comprehensive array of equipment ideal for a tire and automotive repair business, or similar operation. This equipment includes a rim clamp tire machine, a high-speed tire balancer, two above-ground hoists, and one in-ground hoist. Further enhancing its operational capabilities are four wreckers – two wreckers and two rollbacks – providing significant potential for towing and recovery services. The property's infrastructure is further improved by the complete removal of all underground tanks, ensuring compliance and minimizing environmental concerns. The sale also includes a desk and display case, adding to the functional and aesthetic aspects of the space. This turnkey operation is ready for a new owner to step in and continue its legacy of success. The property's size, equipment, and location make it an attractive proposition for a variety of industrial uses. Serious inquiries are encouraged.

Property profile

Verified
Property type Industrial properties
Year built 1950
Total area 4,200 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

233 M-140 Watervliet, MI 49098
Watervliet metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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