Property profile

0000 Kellogg Dr Reading, MI 49274

OFF-MARKET
Industrial properties
4,987 SF 35 ac lot Built 2021
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Property summary

AI-generated overview

This exceptional 35-acre industrial property in Reading, Michigan, presents a unique investment opportunity. The 4,987 square foot building is ideally configured for a thriving business, currently equipped for agricultural production and wholesale distribution. The facility boasts three active grow rooms, one inactive grow room with income potential, a dedicated drying room, a trim room, and a spacious shop area complete with an overhead door. Ample outdoor growing space complements the indoor facilities. The property comprises seven separate, individually taxed parcels, initially planned for residential development. This offers significant flexibility for future expansion or alternative uses, maintaining the potential for residential development given their individual tax status. The location provides convenient access to several recreational lakes, offering a desirable combination of business and leisure opportunities. The sale includes the complete inventory, providing a turnkey operation for a new owner. This property is priced at $999,000.

Property profile

Verified
Property type Industrial properties
Year built 2021
Total area 4,987 SF
Lot 35 ac (1,524,600 SF)

Cap rate & NOI

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

Location

0000 Kellogg Dr Reading, MI 49274
Reading metro
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Value estimations

Realmo proprietary · 4 methods
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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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