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    FOR SALE
    Refrigerated & Cold Storage

    100 W Caspian Ave, Caspian, MI 49915

    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
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    MEYER WHOLESALE INC
    MEYER WHOLESALE INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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