Property profile

629 Spruce St Sault Ste. Marie, MI 49783

OFF-MARKET
Warehouses
Property ID
US43-3908299
9,680 SF 2.7 ac lot
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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 Warehouses
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

Location

629 Spruce St Sault Ste. Marie, MI 49783
Sault Ste. Marie metro
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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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