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    OFF-MARKET
    Commercial real estate

    5250 Henderson Lk Rd, Prescott, MI 48756-9587

    23,296 SF 3 ac lot Built 1973
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2863742
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1973
    Total area 23,296 SF
    Lot 3 ac (130,680 SF)
    APN 010-025-007-00
    UPID US43-2863742
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • GMR Design Inc Production Facility
    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
    by Request
    Owner & transaction history
    WILDFIRE HOLDINGS LLC
    WILDFIRE HOLDINGS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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