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Property profile & analytics
FOR SALE
Industrial properties

205 N Ridge St Port Sanilac, MI 48469

Entity Owned 15-yr Hold Free & Clear
Property ID
US43-2787996
Property summary
AI-generated overview

This exceptional 42,760 square foot industrial complex, situated on 12.4 acres in Port Sanilac, Michigan, presents a unique owner-user opportunity. The property boasts a fully operational multi-tenant warehouse featuring a high-bay drive-thru design and a 3-ton crane, ideal for various industrial uses. A thriving 91-unit self-storage facility, with significant expansion potential, complements the warehouse. The complex also includes a fully equipped mechanic shop and a 2,500 square foot apartment, adding to its versatility. Built in 1990, this Class B property comprises five single-story buildings, offering 300 parking spaces. The sale includes all existing equipment, and the property benefits from high visibility on a main road. The included towing license and access to police auctions further enhance its investment potential. Zoned for commercial use, this property offers a compelling blend of income-generating assets and operational space, making it an attractive investment for a diverse range of businesses. The property's location in Port Sanilac provides access to major transportation routes and the scenic Lake Huron shoreline. This turnkey operation is ready for a new owner to modernize and expand upon its existing success. The asking price is $2,050,000, with a price per square foot of $47.94 and a price per unit of $22,527.47. The property's APN is 212-240-000-128-00.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 212-240-000-128-00
UPID US43-2787996
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
Current use
Occupant on record · Public records
  • Auto Care Center of Port Sanilac Car Dealership
  • U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Signature Bank · 15 yrs held
Signature Bank
since 2010
1 recorded transaction
2010
$350,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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