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    FOR SALE
    Commercial real estate

    4820 River St, Columbiaville, MI 48421

    31,880 SF 2.02 ac lot
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US43-4380258
    Property summary
    AI-generated overview

    Exceptional investment opportunity: A 36,000-square-foot warehouse situated on a 2.02-acre waterfront lot in Columbiaville, Michigan. This single-tenant industrial property boasts 16' to 20' clear ceiling heights, ideal for various storage and manufacturing needs. The building features three 12' x 14' dock-high doors, ensuring efficient loading and unloading. Power is robust, with 220-volt, 1000-amp service and 300 feet of bus duct. The property enjoys 880 feet of frontage on River Street and over 900 feet of waterfront access on the Holloway Reservoir. Ample parking is available with capacity for over 100 vehicles. City water and sewer utilities are connected. The property is zoned for commercial use and was built in 1970. This prime location offers significant potential for a variety of businesses seeking a spacious, well-equipped warehouse with exceptional waterfront access. The asking price is $1,080,000, translating to $30 per square foot. This represents a compelling value for a property of this size, location, and features.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 31,880 SF
    Lot 2.02 ac (87,991 SF)
    APN 043-520-002-00
    UPID US43-4380258
    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
    by Request
    Comparable Approach Comparable
    $976k
    Blend (final) Blend
    $975k
    Owner & transaction history
    4820 River Street LLC · 8 yrs held
    4820 River Street LLC
    since 2018
    3 recorded transactions
    2018
    2018
    $250,000
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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