0000 Kellogg Dr, Reading, MI 49274
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.
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
Similar Nearby for Sale
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.