3320 Us-31 Manistee, MI 49660
This exceptional 11,400-square-foot industrial property, located at 3320 US-31 in Manistee, Michigan, presents a compelling investment opportunity. The property, situated on a 5.02-acre lot zoned AG/RES, comprises two single-story buildings totaling 11,400 square feet of net rentable space. Built in 1968 and extensively renovated in 2022, the property boasts significant upgrades, including a fresh coat of exterior paint, updated landscaping, modernized offices, new lighting throughout, a renovated restroom, a newly created employee break area, and a new HVAC system in the office space. The warehouse features three loading docks and a 16-foot ceiling height, making it suitable for a variety of industrial uses. The property's history as a semi-truck and trailer service facility is reflected in its large yard area, complete with a concrete pad ideal for trailer parking. The property benefits from robust 240-volt, 3-phase electrical service. This turnkey operation is priced at $869,000, translating to $76.23 per square foot. The property's combination of size, location, recent renovations, and ample yard space makes it an attractive option for a wide range of industrial businesses. The property is located in Manistee County, Michigan, with a zip code of 49660.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.