Technical
Financial
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Property profile

100 Axle Dr Gaastra, MI 49927

OFF-MARKET
Industrial properties
2,784 SF 16.96 ac lot Built 1978
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Property summary

AI-generated overview

This exceptional 2,784 square foot flex space industrial property in Gaastra, Michigan, presents a unique investment opportunity. Located on a generous 16.96-acre lot, this property boasts a 100% occupancy rate with a lease expiring April 25, 2024. The building, constructed in 1978 and renovated in 2007, features two stories across three buildings, offering ample space for a variety of uses. The permitted zoning is Commercial/Industrial, providing flexibility for future development. The property includes 100 parking spaces and a substantial 2,784 square feet of air rights. The asking price is $450,000, translating to $161.64 per square foot. The land value alone is $0.60 per square foot. This turnkey operation is a long-established and profitable business, ideally suited for an owner/user. The property includes a loading dock and scale, making it well-equipped for efficient operations. The property is privately owned and is being offered for sale by owner.

Property profile

Verified
Property type Industrial properties
Year built 1978
Total area 2,784 SF
Lot 16.96 ac (738,778 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Axle Dr Gaastra, MI 49927
Gaastra metro
Google Maps

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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