Property profile

2785 Michigan Ave NE Rd Cleveland, TN 37323

OFF-MARKET
Auto shops
Property ID
US80-0500258
4,000 SF 2.63 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Cleveland, TN industrial property offers a prime outdoor storage opportunity. The 4.1-acre lot boasts a 3,800 square foot building featuring three convenient roll-up doors, ideal for equipment storage or light industrial use. The expansive paved area at the front of the property provides ample parking for up to fifty tractor-trailers, ensuring efficient operations. An additional 35 tractor-trailer spots are available in the gravel rear lot, offering significant storage capacity. The property's strategic location on Michigan Ave Rd NE, near Barney's LN, in Bradley County, provides easy access to major transportation routes. With a total of 85 trailer spots, this property is perfect for businesses requiring substantial outdoor storage and convenient access for large vehicles. The property's 400-foot frontage on Michigan Ave Rd NE offers excellent visibility and accessibility. This single-tenant property presents a rare opportunity to acquire a well-situated and highly functional industrial outdoor storage facility in a thriving Tennessee market. The 178,500 square foot lot provides ample space for expansion or future development. This is an exceptional investment opportunity for businesses seeking a strategic location with significant storage capacity in the Cleveland, TN submarket. The property is zoned for commercial use and is ready for immediate occupancy.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,000 SF
Lot 2.63 ac (114,563 SF)
Zoning code IL
APN 050 024.07 000
UPID US80-0500258

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
  • Warehouse & Storage

Location

2785 Michigan Ave NE Rd Cleveland, TN 37323-5403
Cleveland metro Census 10300 CLEVELAND, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2022
Last sale
$475,000
5 recorded transactions
2022
$475,000
2010
$179,000
2009
$150,000
2007
$330,000
1969
Price N/A

Zoning & alternative use

IL · Cleveland, TN
Zoning description

A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses…

General category INDUSTRIAL

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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