You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $6,025,000
Warehouses

2765 Michigan Ave NE Rd Cleveland, TN 37323-5403

38,250 SF 2 ac lot Built 1997
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-2088101
Property summary
AI-generated overview

This exceptional industrial property, located at 2765 Michigan Ave Rd NE in Cleveland, Tennessee, offers a significant opportunity for businesses seeking substantial warehouse space. The Michigan Avenue Industrial Park comprises ten buildings totaling 330,000 square feet, situated in Bradley County's Cleveland submarket. Currently, over 40,000 square feet of warehouse space is available for lease, ideal for medium to large-scale operations. The park's strategic location provides convenient access to Interstate 75, approximately 10 minutes away, and is within a 30-minute commute of Chattanooga, Tennessee. The property features ample truck parking, catering to the logistical needs of businesses requiring efficient freight handling. One building within the park is designated as an IOS space, offering additional versatility. This industrial park presents a compelling investment opportunity for companies seeking a well-located, spacious, and functional warehouse facility in a thriving Tennessee market. The multiple-building configuration allows for flexibility in space requirements, accommodating a range of business needs. The property's size and amenities make it particularly suitable for businesses requiring significant storage and operational space. The convenient location near I-75 ensures easy access to major transportation routes, facilitating efficient distribution and logistics.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 38,250 SF
Lot 2 ac (87,120 SF)
Zoning code IL
APN 050 024.08 000
UPID US80-2088101
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
  • 5Forms LLC Marketing & Advertising Printing Service
  • Parker Expediting Inc Trucking Company
  • Michigan Avenue Trailer Parking Parking Lot & Garage
  • Bacon Logistics Corporate Office
  • Ocoee Records Management Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.58M
CAP Approach CAP
$3.78M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.03M
Owner & transaction history
2001 2017 Oceanside Blvd LLC · 4 yrs held
2001 2017 Oceanside Blvd LLC
since 2022
Last sale
$6.4M
3 recorded transactions
2022
$6.4M
2017
Price N/A
1969
Price N/A
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.3M +160.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2765 Michigan Ave NE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message