Property summary
This exceptional 11.14-acre industrial land parcel is ideally situated in Galesburg, Michigan, just off I-94 at exit 88 in Charleston Township. The property boasts a flat topography, making it exceptionally suitable for development. All municipal utilities are readily available, simplifying the construction process. Neighboring properties include Eaton and a Target Distribution Center, highlighting the strategic location and established industrial presence in the area. A recent Phase 1 environmental report has been completed, revealing no significant issues, ensuring a smooth and efficient development path. The property is zoned L-1, and its APN is 390829226012. The asking price for this exceptional opportunity is $750,000. The owner is open to build-to-suit options, offering the construction of a 120,000 square foot industrial building at a rate of $7.95 per square foot, NNN. This presents a unique chance to secure a prime location with the potential for immediate development or a customized build-to-suit solution. The property's proximity to I-94 provides unparalleled access to major transportation routes, making it an attractive option for warehousing and distribution businesses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
L1 · Galesburg, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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