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Property profile & analytics
OFF-MARKET Estimated value $250,000
Refrigerated & Cold Storage

100 Caspian Ave Caspian, MI 49915-5144

1,792 SF 0.74 ac lot Built 1994
Entity Owned Free & Clear
Property ID
US43-2950113
Property summary
AI-generated overview

This expansive Caspian, MI industrial property presents a remarkable investment opportunity. The main building, totaling 12,800 square feet, offers a versatile layout ideal for various commercial ventures. Previously utilized as a meat processing and supply facility, the property boasts several walk-in coolers and dedicated processing stations, ready for immediate use or adaptation. The main building also includes a full basement featuring a breakroom, restroom, and additional cooler storage. Adding to its functionality, a retail area is situated at the front of the building, complemented by existing living quarters and office space, providing flexibility for owner-occupancy or rental income. Ceiling heights vary from 9 to 14 feet, supported by 14-inch block bar joists, ensuring structural integrity and ample headroom. The property benefits from robust electrical infrastructure, including 3-phase 220 power and two 200-amp services, capable of supporting demanding operations. Further enhancing its appeal is a substantial 1,800 square foot garage and a large paved lot, providing ample parking and outdoor storage space. The property sits conveniently off Highway 424, ensuring excellent accessibility and visibility. This one-acre lot offers significant potential for expansion or future development. The combination of existing infrastructure, versatile space, and prime location makes this property an exceptional opportunity for a discerning investor or business owner.

Property profile
Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1994
Total area 1,792 SF
Lot 0.74 ac (32,234 SF)
APN 051-208-001-00
UPID US43-2950113
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
Current use
Occupant on record · Public records
  • Meyer Wholesale Inc Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k
Owner & transaction history
MEYER WHOLESALE INC
MEYER WHOLESALE INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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