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    Investment properties

    1951 Reading Ave, Hillsdale, MI 49242

    9,300 SF 11.29 ac lot Built 1915
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.29-acre property in Hillsdale, MI, presents a remarkable business or development opportunity. The site boasts a substantial 9,300-square-foot building, comprising 2,500 square feet of office space and 6,800 square feet of warehouse space. Previously utilized as a fully operational metal recycling facility, the property is equipped with truck scales conveniently located at the road frontage on busy W Reading Road. Multiple access points from W Reading Road provide excellent maneuverability and accessibility. The relocation of the former metal recycling operation to Allen, MI, motivates the sale of this versatile property. The expansive acreage and existing infrastructure offer a multitude of possibilities. Imagine developing self-storage units, establishing a new industrial operation, or even reviving the metal recycling business. The strategic location and ample space ensure significant potential for a wide range of commercial ventures. This property is ready for its next chapter, offering a unique blend of existing structures and substantial land for expansion or redevelopment. The possibilities are truly endless. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Year built 1915
    Total area 9,300 SF
    Lot 11.29 ac (491,792 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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