12802 L Ave, Galesburg, MI 49053-9586
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
L1 · Galesburg, MIGalesburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.