Property profile

12802 L Ave Galesburg, MI 49053

OFF-MARKET
Industrial land
Property ID
US43-4306510
11.14 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 11.14 ac (485,258 SF)
Zoning code L1
APN 08-29-226-012
UPID US43-4306510

Cap rate & NOI

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

Location

12802 L Ave Galesburg, MI 49053-9586
Galesburg metro Census 6701 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2022
Last sale
$362,050
3 recorded transactions
2022
$362,050
2018
$99,900
2006
Price N/A

Zoning & alternative use

L1 · Galesburg, MI

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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