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    OFF-MARKET
    Industrial properties

    313 Visger St, Ecorse, MI 48229

    3,048 SF 0.22 ac lot Built 1959
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Industrial properties
    Year built 1959
    Total area 3,048 SF
    Lot 0.22 ac (9,583 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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