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    Property profile & analytics
    OFF-MARKET Estimated value $2,005,000
    Distribution centers

    4578 Division St, Wayland, MI 49348-9725

    27,540 SF 8.59 ac lot Built 2005
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-2131755
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 4578 Division Street in Wayland, Michigan, presents a significant opportunity for businesses seeking a versatile and strategically located facility. Boasting 27,540 square feet, this distribution, manufacturing, and warehouse space sits on an 8.58-acre lot (APN: 05-001-001-30) and offers a comprehensive array of features ideal for various operational needs. The property includes 19 loading docks, one drive-in door, and a substantial concrete and asphalt paved yard, fully fenced for security. Ample parking is available for both employees and up to fifteen 53' trailers. A recently renovated 2,400 square foot office area provides comfortable administrative space. The warehouse itself features impressive 20' to 22' clear ceiling heights, 30' x 60' column spacing, and robust 400 amps of 480-volt 3-phase power. Its convenient location just off US-131, minutes from the US-131/M6 interchange, ensures easy access to major transportation routes. A complete storm water system and yard lighting enhance functionality and safety. This property is immediately available for sale. The asking price is $4,000,000.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 2005
    Total area 27,540 SF
    Lot 8.59 ac (374,180 SF)
    APN 05-012-001-10
    UPID US43-2131755
    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
    $2.41M
    Comparable Approach Comparable
    $1.24M
    Blend (final) Blend
    $2.01M
    Owner & transaction history
    Wayland Ventures LLC · 1 yrs held
    Wayland Ventures LLC
    since 2024
    3 recorded transactions
    2024
    2024
    2016
    $1.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.0M +10.7%
    Commercial (general) $3.0M +10.2%
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