810 17th Mile NE Rd Cedar Springs, MI 49319-9432
This exceptional industrial property, located at 810 17 Mile Road NE in Cedar Springs, Michigan, presents a compelling investment opportunity. The 5,040-square-foot warehouse building sits on a generous 2.9-acre lot, offering ample space for operations and potential expansion. The property's convenient location between Kent City and Cedar Springs provides easy access to major transportation arteries, including M-37 and US-131. The building itself is comprised of both office and warehouse space. The office area boasts recently updated features, including new carpeting and paint, multiple private offices, a restroom, and a complete kitchen/breakroom. The warehouse section features impressive 12-foot ceiling heights and convenient access via a man door. The property is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. The asking price is $395,000, translating to a price per square foot of $78.37. The property's parcel number (APN) is 41-02-32-101-001. This is a net lease property. This property is ideal for businesses seeking a functional and well-located warehouse space with convenient office amenities. The combination of size, location, and features makes this an attractive proposition for a wide range of industrial users. Don't miss this chance to acquire a prime industrial asset in a thriving Michigan market.
DIVISION 11. - HIGHWAY COMMERCIAL (HC) Sec. 32-419. - Intent and purpose. (a) The intent of the Highway Commercial District is to provide specific standards for the roadways leading to the U.S. 131 interchange in order to preserve the traffic carrying capacity of these roadways. The regulations of this district are also intended to maintain the city's charac…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
HC · Cedar Springs, MIDIVISION 11. - HIGHWAY COMMERCIAL (HC) Sec. 32-419. - Intent and purpose. (a) The intent of the Highway Commercial District is to provide specific standards for the roadways leading to the U.S. 131 interchange in order to preserve the traffic carrying capacity of these roadways. The regulations of this district are also intended to maintain the city's character while accommodating a reasonable amount of commercial development necessary to serve the traveling public as well as area residents. (b) The specific purposes of the Highway Commercial District are: (1) To ensure the efficient flow of traffic by minimizing conflicts from turning movements. (2) To utilize the site plan review process to limit number and location of driveways and provide alternate means of access through shared driveways, service drives, and access from cross streets. (3) To sustain the traffic carrying capacity of the roadway in order to delay or avoid premature widening which would detract from the character of the city. (4) To ensure that distractions to motorists are minimized by avoiding blight and clutter, promoting aesthetics, and providing property owners and businesses with appropriate design flexibility and visibility. (5) To promote the rural and small-town character of the city, as expressed through the master plan, by requiring appropriate setbacks for buildings and parking. (6) To ensure that proper landscaping is provided along the roadways as development occurs to improve the appearance of the roadways and create a pleasant view for drivers entering and leaving the city. (Code 2009, § 40-363; Ord. No. 53-A, § 15A.01, 8-16-1982; Ord. No. 105, § 3, 11-9-2000; Ord. No. 216 , § 1(40-363), 5-14-2019)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
