10783 Us-131, Mancelona, MI 49659
This exceptional 1,500 square foot industrial property is strategically located just south of Mancelona, Michigan, on highly visible US-131, ensuring maximum exposure for your business. The building boasts a substantial 30' x 50' footprint, featuring a 14'+ ceiling height and a large 13' x 12' overhead door with a clearance of 13'+, ideal for accommodating large equipment and vehicles. Power is provided by a robust 225 amp breaker panel. The property sits on a generous 4.46-acre lot, offering ample space for expansion or outdoor operations. A 5" well is also on the property. Previously utilized as a mechanic shop servicing large equipment, including semi-trucks and oilfield rigs, this versatile space presents numerous possibilities for a variety of industrial uses. The perimeter of the property appears to be marked with pipe. The building's year of construction is estimated. The seller is open to considering a land contract for qualified buyers, requiring a minimum 25% down payment (approximately $45,000 or more), a 15-year term, and a 7% interest rate. This presents a unique opportunity to acquire a well-situated industrial property at an attractive price.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.