Property profile

1931 Us 1931 East Tawas, MI 48730

OFF-MARKET
Warehouses
16,732 SF 5.65 ac lot Built 1959
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Property summary

AI-generated overview

This exceptional 16,732-square-foot industrial property, located at 1931 N. US 23 in East Tawas, Michigan, presents a compelling investment opportunity. Situated on a generous 5.65-acre lot, this warehouse boasts a functional layout ideal for distribution or various commercial uses. Built in 1959, the structure offers ample space for storage, operations, and potential expansion. The asking price is $500,000, translating to a price per square foot of $29.88. The property's location in Iosco County, with its zip code 48730, provides convenient access to major transportation routes, enhancing its logistical advantages. The property's APN is 29738511. This versatile space is well-suited for businesses seeking a substantial footprint in a strategic location. The combination of size, location, and price makes this an attractive proposition for discerning investors and businesses alike. Serious inquiries are encouraged to explore the full potential of this significant industrial asset. The property is classified as both distribution and warehouse space, offering flexibility for a wide range of commercial applications.

Property profile

Verified
Property type Warehouses
Year built 1959
Total area 16,732 SF
Lot 5.65 ac (246,114 SF)

Cap rate & NOI

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

Location

1931 Us 1931 East Tawas, MI 48730
East Tawas 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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