Property profile

20401 W Old Us Highway 12 Chelsea, MI 48118

FOR LEASE
Manufacturing properties
Property ID
US43-1022766
15,449 SF 2.2 ac lot Built 1977
Entity Owned 20-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Home Decor Store Furniture & Home Goods

Location

20401 W Old Us Highway 12 Chelsea, MI 48118
Chelsea metro Census 446200 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$712k
Blend (final) Blend
$335k

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
2004
Price N/A

Zoning & alternative use

I-1 IN · Chelsea, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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