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    FOR SALE
    Warehouses

    4 Morrell St, Yale, MI 48097

    10,464 SF 0.62 ac lot Built 1950
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US43-4511135
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    D M M Investments LLC · 20 yrs held
    D M M Investments LLC
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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