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17354 Teunis Dr Spring Lake, MI 49456-9727

OFF-MARKET Flex space Google Maps
39,053 SF 5.38 ac lot
Entity Owned Free & Clear
Estimated value (blended)
$680k
Range $612k – $748k (±10%)
Property ID US43-2354149

Property summary

AI-generated overview

This exceptional 9,000-square-foot industrial space, part of a larger 18,000-square-foot building, presents a rare opportunity in Spring Lake, Michigan. Situated on a 5.38-acre lot, this single-story structure boasts impressive features ideal for manufacturing, warehousing, or distribution operations. Built in 1985, the property offers a high ceiling ranging from 18 to 20 feet, providing ample vertical space for storage and operations. Seven loading docks, including one dock-high door, ensure efficient loading and unloading. The property is zoned for industrial use and benefits from a strategic location within an established industrial park, sharing proximity with notable companies such as Interior Concepts, Michigan Brass, Global Tech, MLP Manufacturing, and Motiv. Easy access to US-31 via the VanWagoner and Pontaluna interchanges provides excellent regional connectivity. While historically a multi-tenant building with shared dock access, this 9,000 square foot space offers a unique opportunity for a single tenant to occupy a significant portion of the building. The property includes good power and fire suppression systems.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 39,053 SF
Lot 5.38 ac (234,353 SF)
Zoning code I INDU
APN 70-03-04-300-063
UPID US43-2354149

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
  • Industrial Manufacturer Production Facility
  • Metal Fabrication Plant Factory
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.15M
Blend (final) Blend
$680k

Owner & transaction history

Zoning & alternative use

I INDU · Spring Lake, 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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