Property summary
This exceptional industrial property in Prescott, Michigan, presents a unique investment opportunity. The 23,296 square foot facility comprises two buildings situated on a 3-acre lot. The main building, constructed in 1974 and renovated in 2015, boasts 17,760 square feet of space, including a 1,760 square foot office area with a lunchroom and paint booth. This building features a 48" high, 60-foot-long indoor dock area with a 14-foot garage door, an 18-foot ceiling height in the warehouse, and a 480v/800 amp/3-phase power panel. Radiant heat and new warehouse lighting are also included. The second building, a 5,536 square foot Quonset hut, provides ample additional storage. The property offers convenient access to I-75 and West Branch, and features an asphalt parking area accommodating 35+ vehicles. The permitted zoning is INDUSTRIAL IMPROVED, and the property includes three dock-high doors and one loading dock. This well-maintained facility is ideally suited for distribution or warehousing operations, and benefits from its attractive location near numerous lakes and tourist attractions in Northern Michigan. The asking price is $450,000, or $19.32 per square foot. APN: 010-025-007-00.
Property profile
VerifiedCap rate & NOI
Current use
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Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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