Property profile

24225 M-60 Homer, MI 49245

OFF-MARKET
Warehouses
167,042 SF Built 1965
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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

Location

24225 M-60 Homer, MI 49245
Homer metro
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Value estimations

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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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