Property profile

5250 Henderson Lk Rd Prescott, MI 48756

OFF-MARKET
Commercial real estate
Property ID
US43-2863742
23,296 SF 3 ac lot Built 1973
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Production Facility

Location

5250 Henderson Lk Rd Prescott, MI 48756-9587
Prescott metro Census 950902
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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