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    OFF-MARKET
    Warehouses

    24225 M-60, Homer, MI 49245

    167,042 SF Built 1965
    Property ID
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 24225 M-60 in Homer, Michigan, presents a significant investment opportunity. The property encompasses 167,042 square feet across two single-story buildings, offering ample space for distribution, manufacturing, or warehousing operations. Built in 1965 and renovated in 2010, the facility boasts a 24-foot ceiling height and is zoned for heavy industrial use. The main building features twelve loading docks of varying sizes (four 12'x14', four 12'x10', two 9'x10', one 18'x10', and one 10'x12'), while the auxiliary building includes two additional loading docks (two 12'x14' and one 10'x10'). The asking price is $4,750,000, translating to $28.44 per square foot. This NNN-leased property is currently vacant, providing immediate occupancy for a new tenant. The property's location in Calhoun County, Michigan, offers convenient access to major transportation routes. With its substantial size, robust infrastructure, and strategic location, this property is ideally suited for a variety of industrial uses. The property's heavy industrial zoning ensures flexibility for a wide range of potential tenants. This is a rare opportunity to acquire a well-maintained, sizable industrial facility in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Year built 1965
    Total area 167,042 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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