500 Madison St Manchester, MI 48158-9805
- Industrial properties
- 15.39 lot acres
Current Use by Public Records
- Scrap Masters Inc / Waste Management Service
Property Details for 500 Madison St
- Lot size
- 15.39 lot acres
- Zone code
- I-2 GEN
- Property type
- Industrial properties
- APN
- 16-16-02-358-001
- APU
- 161602358001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Washtenaw
- State
- Michigan
- Longitude
- -84.0478
- Latitude
- 42.1487
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
