223 E. Patterson

Industrial for Sale
Catylist Listing ID: 30040190
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Research & Development, Self Storage
Building Size (RSF): 16,152 SF
Gross Land Area: 1.48 Acres
Sale Price: $675,000
Unit Price: $41.79 PSF
Ceiling: 27 ft.
Docks/Doors: 12 Doors
Office SF: 1,040 SF
Drive In Bays: 9 Bays
Property Use Type: Vacant/Owner-User
Building Name: Four Buildings
Usable Size (USF): 16,152 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2023

Overview / Comments

Currently occupied by Tecumseh Trolley and Limousine Service, Inc. They are expanding and need a new location.
Four buildings - 1.48 acres zoned Industrial
Building 1 - Certified energy efficient. Office 1040 sq feet, 6 rooms new ceiling and LEV lights. Shop 7,280 and mezzanine 800 sq feet. 1,600 amp electric. New insulation, siding and roof.
Building 2 - 4,900 sq feet. New in 2008. 8 in insulation, steel structure. Overhead doors. LED high efficient lighting.
Building 3 - Attached behind building 1. All steel construction. Built 2016. 800 sq feet. Overhead door. Energy efficient certified. One service door.
Building 4 - Steel Clearspan Olympia - 2400 sq. feet. Overhead door. R-34 roof and sidewalls currently Padut Shop. Double Herring bone in floor. Floor exhaust system. Built summer 2016. Floor drains.

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: City of Tecumseh
Tax ID/APN: XTO-325-0200-00
Zoning: I-1
Property Located Between: M-50 and Russell Rd.
Highway Access: Half hour away from US 23 and I 94. Also close to M-50 and M-52.
Airports: Adrian Airport is 30 minutes away.
Site Description: Great location off of M-50 and four buildings in great shape. 2.25 acres of industrial buildings.
Area Description: Industrial southeast corner of Tecumseh industrial area.
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2016
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Asphalt parking surface.
Total Parking Spaces: 20
Eave Height: 14
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 1,600
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: Industrial 1. Commercial recreation, contractor's yard (no outdoor storage), light assembly of electronic equipment, industrial machines and scientific equipment, manufacturing, assembly or production, office, professional, printing, public parks and recreation facilities, research, development and testing, self storage facilities, utility and public service buildings, vehicle sales/rental (without outdoor storage yards), warehousing and storage and wholesaling.
Lot Frontage: 262
Lot Depth: 258
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private
Legal Description: Lot 20 Exc E 12 ft assessor's plat no 6 City of Tecumseh

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,027 13,930 22,219
Median Age: 37.29 40.53 40.58
Households: 2,127 5,563 8,671


Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Hanna Commercial CPIX Member
© 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.