1680 Plum Vly NE Rd Mancelona, MI 49659-9590
This 6,400 square foot flex space industrial building presents a unique investment opportunity in Mancelona, Michigan. Located at 1680 Plum Valley Rd NE, this vacant property sits on a 3.22-acre lot and is zoned for commercial use (APN: 40-011-010-003-10). The building, a former transfer station, offers two distinct interior areas. One area encompasses approximately 2,200 square feet with impressive ceiling heights exceeding 30 feet, providing ample vertical space for various uses. The second area, measuring approximately 4,200 square feet, features 15-foot ceilings and a built-in recessed interior truck well, ideal for loading and unloading. The property includes one loading dock, but no dock-high doors. The asking price is $385,000, translating to $60.16 per square foot. The two-story building is classified as Class D. Its expansive lot size and flexible interior layout offer significant potential for expansion and adaptation to a wide range of commercial applications. The property's location in Kalkaska County, Michigan, provides easy access to regional transportation networks. This is a rare opportunity to acquire a substantial industrial property with high ceilings and significant acreage at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.