Property profile

4 Morrell St Yale, MI 48097

FOR SALE
Warehouses
Property ID
US43-4511135
10,464 SF 0.62 ac lot Built 1950
Entity Owned 20-yr Hold Free & Clear
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4 Morrell St, Yale, MI 48097 For Sale
$200,000 10,464 SF
4 Morrell St, Yale, MI 48097
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Property summary

AI-generated overview

This expansive 8,000 square foot industrial property, situated on a 0.6-acre lot in Yale, Michigan, presents a remarkable investment opportunity. Currently utilized for cold storage, boats, cars, motorhomes, and trailers, this versatile space offers endless possibilities for a variety of commercial uses. Imagine transforming it into a state-of-the-art warehouse, a bustling retail shop, secure storage facility, or even a unique flea market. The building's substantial size and ample land provide significant flexibility for future development and expansion. The property is currently configured for flat-rate cold storage, showcasing its adaptability to diverse operational needs. Please note that the building will not be available for occupancy until June 1, 2025, with closing on or after that date. All provided information is believed to be accurate, however, it is not guaranteed. This is a rare chance to acquire a substantial industrial property in a desirable location with significant upside potential. The property is priced at $184,900 and a short-term land contract may be possible. Serious inquiries are encouraged to explore this exciting opportunity further.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 10,464 SF
Lot 0.62 ac (27,007 SF)
APN 74-08-320-0018-000
UPID US43-4511135

Cap rate & NOI

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

Location

4 Morrell St Yale, MI 48097
Yale metro Census 655100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2006
1 recorded transaction
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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