Property profile

313 Visger St Ecorse, MI 48229

OFF-MARKET
Industrial properties
3,048 SF 0.22 ac lot Built 1959
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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

Location

313 Visger St Ecorse, MI 48229
Ecorse metro
Google Maps

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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