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    OFF-MARKET
    Refrigerated & Cold Storage

    629 Spruce St, Sault Ste. Marie, MI 49783

    9,680 SF 2.7 ac lot
    Property ID
    US43-3908299
    Property summary
    AI-generated overview

    This exceptional industrial complex, situated on 2.7 acres in Sault Ste. Marie, Michigan, presents a unique investment opportunity. The property boasts three distinct buildings totaling 9,680 square feet, strategically located along the Power Canal with convenient access to major thoroughfares and proximity to the Canadian border. The complex includes a 1,416 square-foot office building featuring three offices, a conference room, break room, two bathrooms, and storage. A newer 3,464 square-foot heated industrial building is equipped with a compressor and two overhead doors. Additionally, a 4,800 square-foot storage building offers an office and five overhead doors, including a large pit area. Ample on-site parking is available. The property is zoned for commercial use and is offered for sale at $750,000 ($77.48 per square foot). A lease option is also available at $12 per square foot, NNN. This property is ideal for a variety of industrial uses and offers significant potential for growth and return on investment. The address is 629 W Spruce St, Sault Ste. Marie, MI 49783.

    Property profile
    Verified
    Property type Refrigerated & Cold Storage
    Total area 9,680 SF
    Lot 2.7 ac (117,612 SF)
    UPID US43-3908299
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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