100 Axle Dr, Gaastra, MI 49927
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.
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
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.