Property summary
This 3,048 square foot industrial building, located at 313 Visger in Ecorse, Michigan, presents a unique investment opportunity. Situated on a 0.22-acre lot, the property is currently listed at $299,000. It's important to note that this property is subject to eminent domain proceedings initiated by the City of Ecorse for public use. This means that the city has initiated legal action to acquire the property for a public purpose. The ultimate outcome of these proceedings is uncertain and will impact the final disposition of the property. Potential buyers should conduct thorough due diligence and consult with legal counsel to fully understand the implications of the eminent domain action before making an offer. The property's current condition and suitability for various uses should be independently verified. While the square footage is substantial for an industrial space in this location, the eminent domain process introduces significant risk and uncertainty to any potential transaction. Interested parties are strongly advised to carefully consider all aspects of this situation before proceeding. All information provided is believed to be accurate but is not guaranteed. The buyer is responsible for verifying all details independently. This is a unique opportunity with inherent risks associated with the eminent domain proceedings.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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