375 2nd St, Imlay City, MI 48444-1317
This exceptional Imlay City, Michigan industrial property presents a unique opportunity for lease or purchase. Located at 375 E 2nd St, this single-tenant warehouse boasts 6,098 square feet of space within two, one-story buildings situated on a generous 56,925 square foot lot. Built in 1940, the property is zoned R-1 960 and offers significant potential for customization to suit a variety of industrial, warehouse, or distribution needs. The property's adaptable layout and solid infrastructure provide a strong foundation for businesses seeking a versatile and expandable space. The property's location in Lapeer County, Michigan, offers convenient access to key transportation routes and infrastructure. The APN is I19-82-700-000-00. This property is ideal for businesses seeking a well-maintained space with ample room for growth and operational flexibility. The property's single-tenant occupancy provides a streamlined and efficient operational environment. This is a rare opportunity to acquire a well-located and adaptable industrial property in a thriving Michigan community. The zip code is 48444.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.