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
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

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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


Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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