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    OFF-MARKET
    Industrial properties

    500 Madison St, Manchester, MI 48158-9805

    15.39 ac lot
    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US43-0785984
    Property summary
    AI-generated overview

    This expansive 159,282 square foot industrial property in Manchester, Michigan, presents a significant investment opportunity. Built in 1964, this facility sits on a 15.39-acre lot and features 11 loading docks, impressive ceiling heights ranging from 30 to 40 feet, and substantial crane capacity including a 20-ton crane with a 25-foot under-hook clearance in an 84' x 30' bay, and a 7-ton crane with a 19-foot under-hook clearance in a 40' x 30' bay. A 5-ton crane with a 22-foot under-hook clearance is also present, though it requires service and repair. The property includes an active on-site weigh scale, allowing for efficient material handling. Outside storage is permitted, adding to the facility's versatility. Employee amenities include a breakroom and fitness center. The property's size and features suggest potential for value-add improvements or multi-tenant conversion. The asking price is $3,200,000 ($20.09/sq ft). The APN is 16-02-358-001. This property is located at 500 Madison Street, Manchester, MI 48158. Room for expansion is available.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 15.39 ac (670,388 SF)
    Zoning code I-2 GEN
    APN 16-16-02-358-001
    UPID US43-0785984
    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
    Current use
    Occupant on record · Public records
    • Scrap Masters Inc Waste Management Facility Hazardous Waste Disposal
    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
    Hansen Assets Michigan LLC · 17 yrs held
    Hansen Assets Michigan LLC
    since 2009
    4 recorded transactions
    2019
    2009
    2002
    1994
    Zoning & alternative use
    I-2 GEN · Manchester, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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