1931 Us 1931, East Tawas, MI 48730
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.
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
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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.