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Property profile

904 Clark St Albion, MI 49224

OFF-MARKET
Industrial properties
Property ID
US43-2390037
27,044 SF 1.08 ac lot
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional light-industrial/warehouse facility, situated on a 1.08-acre parcel in Albion, Michigan's Sheridan Township, presents a compelling investment opportunity. Conveniently located northeast of downtown Albion and just two miles from the I-94 interchange, this property boasts excellent accessibility and logistical advantages. The building, constructed between 1953 and 1978, comprises a substantial 27,044 square feet of space, thoughtfully divided into distinct areas to meet diverse operational needs. Approximately 2,058 square feet are dedicated to office/showroom space, providing a professional front for business operations. The remaining 24,986 square feet constitute the industrial/warehouse area, characterized by impressive ceiling heights ranging from 10 to 18 feet. This expansive space is further enhanced by practical features including a bus duct system, a robust 300 kVA step-up transformer, overhead compressed air lines, and a former paint booth, offering potential for various industrial applications. Access is facilitated by two 8-foot dock-high doors and two 12- to 14-foot ground-level overhead doors, ensuring efficient loading and unloading. The property is zoned LI (Light Industrial District), aligning perfectly with its current use and future development possibilities. Priced at $399,000, this property represents a significant value proposition for businesses seeking a well-equipped and strategically located industrial space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 27,044 SF
Lot 1.08 ac (47,045 SF)
Zoning code AA/AGRICULURE
APN 19-364-042-00
UPID US43-2390037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

904 Clark St Albion, MI 49224-9213
Albion metro Census 3500 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
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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
$450k

Owner & transaction history

since 2014
3 recorded transactions
2014
$40,000
2014
Price N/A
2012
$8,203

Zoning & alternative use

AA/AGRICULURE · Albion, MI

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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