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    OFF-MARKET
    Industrial properties

    10783 Us-131, Mancelona, MI 49659

    1,500 SF 4.46 ac lot Built 1975
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1975
    Total area 1,500 SF
    Lot 4.46 ac (194,278 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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