Property summary
This expansive 14,228 square foot industrial property located at 100 GRATIOT in Marysville, Michigan, presents a unique investment opportunity. The building offers significant potential for a variety of uses. A substantial portion of the space was previously configured as a banquet hall, complete with a pre-installed kitchen, providing a solid foundation for a food service or event-related business. A smaller area on the north side of the building is currently under lease to a Coney Island restaurant, generating existing income. The property's strategic location near the St. Clair River places it within easy reach of numerous other businesses and factories, offering excellent access to transportation and a strong workforce. It's important to note that a section of the flat roof has experienced a collapse and requires substantial repairs. This factor is reflected in the asking price of $600,000. The seller is highly motivated to find a buyer and is open to considering land contract terms, making this an attractive proposition for those seeking a flexible financing option. This property is being sold AS-IS. Don't miss this chance to acquire a large industrial space with significant upside potential in a prime location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The M-1 Light Industrial Districts are designed so as to primarily accommodate wholesale activities and warehouse and industrial operations whose external, physical effects are restricted to the area of the districts and…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Marysville, MIThe M-1 Light Industrial Districts are designed so as to primarily accommodate wholesale activities and warehouse and industrial operations whose external, physical effects are restricted to the area of the districts and…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The M-1 Light Industrial Districts are designed so as to primarily accommodate wholesale activities and warehouse and industrial operations whose external, physical effects are restricted to the area of the districts and…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Marysville, MI.
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Find the owner behind the property.
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