Industrial Building with Outside Storage and Cannabis Use Allowed
Industrial
for Sale
| Catylist Listing ID: |
30818362 |
| Property Subtypes: |
Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution, Other
|
| Building Size (RSF): |
9,600 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.98 Acres
|
| Sale Price: |
$495,000 |
| Unit Price: |
$51.56 PSF |
| Ceiling: |
16 ft. / 14 ft. Clear |
| Office SF: |
700 SF |
| Drive In Bays: |
3 Bays |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/9/2023 |
Overview / Comments
Nice 9600 sf warehouse for sale or for lease located at 430 Race St in Coldwater, MI. The property is zoned D-2; Heavy Industrial. Steel building built in 1998 that underwent a complete roofing seal in 2021. The site also has major 3 phase electrical power with 1000 amp service. This building is ideal for multiple uses including manufacturing, storage, distribution, and outdoor storage. The zoning also allows for Cannabis uses specifically for the cultivation, processing, and secure transport of marijuana. The interior of the building is a clean slate situated on a large 1.98 acre lot for expansion.
Due Diligence materials available include a physical inspection and survey completed in 2021.
Call agent for details 248-359-9000 ext 2
|
Additional Details
| Nearest MSA: |
Coldwater |
| County: |
Branch |
| Tax ID/APN: |
304-000-000-621-01 |
| Zoning: |
D2 HEAVY INDUSTRIAL |
| Highway Access: |
I-69 |
| Airports: |
Branch County Memorial |
| Site Description: |
The building has excellent visibility on Race St. The lot has street frontage of 280 feet. The 1.98 acre lot is flat with clean soil. The parcel is cleared of trees and covered in grass. The surface parking is partially asphalt and partially concrete. |
| Area Description: |
Coldwater is considered Southern Michigan's ideal location between Chicago and Detroit. It lies within:
• 48% of all national retail sales
• 54% of the nation's business payroll
• 54% of the nation's manufacturers
• 65% of Canada's Gross National Product
Credit: Southwest Michigan First.
|
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
9,600 SF |
| Property Condition: |
Good |
| Year Built: |
1998 |
| Roof Type: |
Gable |
| Construction/Siding: |
Metal Siding |
| Exterior Description: |
Steel sided building with full gutter trough system. |
| Parking Ratio: |
3.1 (per 1000 SF) |
| Parking Type: |
Surface |
| Total Parking Spaces: |
30 |
| Overhead Cranes: |
Undisclosed |
| Amps: |
1,000 |
| Volts: |
240 |
| X-Phase: |
3P |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Lighting: |
Fluorescent |
| Interior Description: |
Prepped for buildout |
| Zoning Description: |
D2 Heavy Industrial |
| Lot Frontage: |
280 |
| Lot Depth: |
306 |
| Easements: |
Electric Lines |
| Easements Description: |
66' Wide gas easement located on the northern border of the property. |
| Legal Description: |
COM AT PT N 739.55 FT TH W 1529.14 FT FR SE COR OF W 1/2 OF NW 1/4 OF SEC 21 TH N 89DEG 52MIN 30SEC W 280.00 FT TH S 308.00 FT TO N LI OF RACE ST TH S 89DEG 52MIN 30SEC E 280.00 FT ALG N LI OF RACE ST TH N 308.00 FT TO POB SEC 21 T6S R6W |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,160 |
15,791 |
21,165 |
| Median Age: |
34.23 |
37.77 |
39.58 |
| Households: |
1,298 |
5,142 |
7,320 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Moody's assume any liability for errors or omissions.
|
