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    FOR LEASE
    Manufacturing properties

    20401 W Old Us Highway 12, Chelsea, MI 48118

    15,449 SF 2.2 ac lot Built 1977
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US43-1022766
    Property summary
    AI-generated overview

    This 15,550-square-foot industrial flex space, located at 20401 W Old US Hwy 12 in Chelsea, Michigan, presents a unique opportunity. The single-story, Class C building, constructed in 1977 and renovated in 2021, sits on 2.2 acres of land in the Washtenaw County's Washtenaw W of 23 submarket, close to Ann Arbor. The property is zoned I-1 (Industrial) and features a mix of uses, ideal for a variety of businesses. The building offers 4,130 contiguous square feet, perfect for a machine shop, contractor, or similar industrial user. Access is provided via one grade-level overhead door and one loading dock. Inside, you'll find an 18-foot ceiling with 10-foot clear height, a shop sink, restroom facilities, radiant and forced air heating, and 512 square feet of office space. Exterior features include fenced outdoor storage. The property boasts convenient access to I-94, downtown Chelsea, Dexter, and is only 20 minutes west of Ann Arbor. Utilities include 220-amp, three-phase power. The APN is 06-06-13-275-002. This property is situated near the Chelsea Fair Grounds and the intersection of Old US 12 and M-52 (Main Street). Multiple tenants are possible.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1977
    Total area 15,449 SF
    Lot 2.2 ac (95,832 SF)
    Zoning code I-1 IN
    APN 06-06-13-275-002
    UPID US43-1022766
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $712k
    Blend (final) Blend
    $710k
    Owner & transaction history
    20401 Old Us 12 LLC · 19 yrs held
    20401 Old Us 12 LLC
    since 2006
    2 recorded transactions
    2006
    2004
    Zoning & alternative use
    I-1 IN · Chelsea, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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