Property profile

1665 Busha Hwy Marysville, MI 48040

OFF-MARKET
Warehouses
Property ID
US43-4538013
9,132 SF 10.9 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 1665 Busha Highway in Marysville, Michigan, presents a remarkable investment opportunity. The warehouse boasts a substantial 9,132 square feet of space situated on a generous 10.9-acre lot. The property features 20 loading docks, offering significant operational efficiency, potentially configured as 10 cross-docks. The building has undergone recent renovations in 2024, including a fresh coat of paint throughout the warehouse and the installation of upgraded LED lighting, enhancing both aesthetics and energy efficiency. The property is currently vacant, providing immediate occupancy for a new tenant. The zoning is designated M-1, allowing for a variety of industrial uses. The property's address is 1665 Busha Hwy, Marysville, MI 48040, with the APN 74-03-051-0014-000. This single-story building offers a functional and versatile space, ideal for various industrial operations. The asking price is $795,500, translating to $87.11 per square foot. This represents a compelling value proposition for a well-maintained, strategically located warehouse with significant capacity.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 9,132 SF
Lot 10.9 ac (474,760 SF)
Zoning code M-1
APN 74-03-051-0014-000
UPID US43-4538013

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Freight Service Logistics Company

Location

1665 Busha Hwy Marysville, MI 48040-1788
Marysville metro Census 637300 DETROIT-WARREN-LIVONIA, 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
$720k
Blend (final) Blend
$795k

Owner & transaction history

since 2023
Last sale
$600,000
3 recorded transactions
2023
$600,000
2021
$515,000
2018
$325,000

Zoning & alternative use

M-1 · Marysville, MI
Zoning description

The M-1 Light Industrial Districts are designed so as to primarily accommodate wholesale activities and warehouse and industrial operations whose external, physical effects are restricted to the area of the districts and…

General category INDUSTRIAL
Top alternative use upside
Medical building $1.1M +115.0%
Commercial (general) $830,000 +59.5%
Office building $740,000 +42.7%

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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