313 Visger St, Ecorse, MI 48229
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.
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
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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.