904 Clark St Albion, MI 49224-9213
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
AA/AGRICULURE · Albion, MIAlbion. Always verify with local authorities before improvements.
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.