Property profile

1931 Us-23 East Tawas, MI 48730

OFF-MARKET
Warehouses
16,732 SF Built 1959
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Property summary

AI-generated overview

This exceptional industrial property, located at 1931 US-23 in East Tawas, Michigan, presents a significant investment opportunity. The 16,732-square-foot warehouse boasts a single story design, built in 1959 and extensively renovated in 2000. The property sits on a sizable 5.65-acre fenced lot, offering ample space and security. The building features six dock-high doors for efficient loading and unloading, and a generous ceiling height of 18 feet, ideal for various industrial uses. Ample parking is provided with 50 spaces available on-site. The strategic location on US-23, the main highway through Northeastern Michigan, ensures excellent visibility and accessibility. Its proximity to the East Tawas Industrial Park and Airport further enhances its logistical advantages. The asking price is $500,000, translating to $29.88 per square foot. This property is well-suited for a variety of industrial and warehousing operations, offering a blend of functionality and prime location. The combination of size, location, and recent renovations makes this a compelling investment prospect in a thriving area of Michigan. The property's features include a substantial square footage, ample parking, and convenient access to major transportation routes.

Property profile

Verified
Property type Warehouses
Year built 1959
Total area 16,732 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1931 Us-23 East Tawas, MI 48730
East Tawas 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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