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    OFF-MARKET
    Industrial properties

    100 Axle Dr, Gaastra, MI 49927

    2,784 SF 16.96 ac lot Built 1978
    Property ID
    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
    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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