Property profile

375 2nd St Imlay City, MI 48444

OFF-MARKET
Industrial properties
Property ID
US43-4324789
6,954 SF 1.09 ac lot
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 6,954 SF
Lot 1.09 ac (47,480 SF)
APN I19-82-700-000-00
UPID US43-4324789

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

375 2nd St Imlay City, MI 48444-1317
Imlay City metro Census 339500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
7 recorded transactions
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2013
Price N/A
2013
$10,000
2006
Price N/A

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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