Property profile

10783 Us-131 Mancelona, MI 49659

OFF-MARKET
Industrial properties
1,500 SF 4.46 ac lot Built 1975
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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

Location

10783 Us-131 Mancelona, MI 49659
Mancelona metro
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Value estimations

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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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