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Property profile

15675 Morris Industrial Dr Schoolcraft, MI 49087

FOR SALE
Other commercial real estate
Property ID
US43-2112585
5,376 SF 4.18 ac lot Built 2002
Last sale Dec 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a manufacturing building constructed in 2002 with a total area of approximately 6,400 square feet, including about 2,000 square feet of office space. It features three overhead doors, 10-foot ceilings, and 6-inch reinforced concrete floors. The facility is configured to support manufacturing, warehousing, or distribution uses and may also be suitable for redevelopment. The site covers approximately 2.1 acres and is located within 1/4 mile of US-131. Zoning is US-131 Corridor…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2023$131k
Effective rate3.47%

Value estimate

· Oct 2026
$440k
$396k – $484k
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$3k
Operating expenses−$41k
NOI · 16.12% cap applied$97k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
County average, outlier-cleaned · 325 recorded sales of this use type
Observed band · Q1–Q3$38 – $123
Qualifying comparables15

Cap rate analysis

How does the asset earn?
16.12%
$97k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand index
Auto Parts Store7.4
Storage Facility7.3
Wholesale Shop7.0

Location

15675 Morris Industrial Dr Schoolcraft, MI 49087
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
249 Grand, Schoolcraft, MI 49087-5114 $360,000 Oct 2023 3,600 SF
210 Eliza, Schoolcraft, MI 49087-9122 $207,000 Dec 2022 7,168 SF
12793 Us Hwy 131, Schoolcraft, MI 49087-8901 $1,450,000 Sep 2021 3,390 SF
452 Lyons, Schoolcraft, MI 49087-8501 $230,000 Aug 2021 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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