Property summary
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
VerifiedCap rate & NOI
Current use
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Waste Management Facility Hazardous Waste Disposal
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
I-2 GEN · Manchester, MIZoning
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Zoning designation
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