Property profile

5160 Lakeshore Rd Lexington, MI 48450

FOR SALE
Industrial properties
Property ID
US43-3622237
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-story, 20,737-square-foot Class C industrial warehouse, built in 1980, is situated on a 10-acre lot (APN 152-025-100-020-01) in the Central Business District, across from the Lexington Water Tower. The property features three suites, with a minimum divisible space of 3,690 square feet and a maximum contiguous space of 20,737 square feet; currently, the entire building (20,737 sq ft) is vacant. The building boasts a 12-foot ceiling height and eight drive-in doors, making it ideal for various distribution and warehousing needs. Heavy power is available throughout the facility. Ample parking is provided for each unit. The building has recently undergone improvements, including a new roof, and features a fully air-conditioned unit. This property presents a unique opportunity for businesses seeking flexible space in a convenient location. The zoning designation is Central Business District. No elevators are present.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 152-025-100-010-00
UPID US43-3622237

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
  • Mill Factory

Location

5160 Lakeshore Rd Lexington, MI 48450
Lexington metro Census 970600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2017
1 recorded transaction
2017
$190,000

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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More about this property
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