Property profile

500 Madison St Manchester, MI 48158

OFF-MARKET
Industrial properties
Property ID
US43-0785984
15.39 ac lot
Entity Owned 17-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Waste Management Facility Hazardous Waste Disposal

Location

500 Madison St Manchester, MI 48158-9805
Manchester metro Census 431000 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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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
$250k

Owner & transaction history

since 2009
4 recorded transactions
2019
Price N/A
2009
Price N/A
2002
Price N/A
1994
Price N/A

Zoning & alternative use

I-2 GEN · Manchester, MI

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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