Light Industrial Warehouse with Professional Office

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30679134
Property Subtypes: Net Leased, Warehouse/Distribution
Building Size (RSF): 3,739 SF
Gross Land Area: 0.07 Acres
Sale Price: $100,000
Unit Price: $26.75 PSF
Ceiling: 8 ft.
Office SF: 800 SF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 7/18/2021

Overview / Comments

This property is located in downtown Clio and is currently leased through 12/31/2022. Owner could earn 10% return on this investment, with the ability to also depreciate the property for the next two years.

Current lease terms are $900/month NN.

The property is located directly across the street from a large municipal parking lot that provides free parking.

Near restaurants, coffee shops and other downtown Clio amenities.

Price is firm.

Property offers a front office with warehouse in the rear.

Attachments & Media

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: City of Clio
Tax ID/APN: 51-22-527-021
Zoning: C-2-LIGHT INDUSTRIAL
Property Located Between: S. Mill Street and W. Young Street
Highway Access: Close to I-75 and US 23, 54 and 53.
Airports: 18 minutes from Bishop Airport
Site Description: Property consists of two buildings. One of the buildings is 2,939 sf. and the other building is an 800 sf. office.
Area Description: https://www.bestplaces.net/city/michigan/clio
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 2,939 SF
Year Built: 1920
Roof Type: Arched
Exterior Description: Well maintained.
Parking Type: Surface
Parking Description: On the property next to the building, one can park three cars, one behind the other. On the public street in front of the building, there is free parking for a least two cars. Across the street, there is a large parking area which is either public or so unused, that many cars can park there without disturbance.
Overhead Cranes: Undisclosed
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Air Curtain
Zoning Description: Commercial property located within the Downtown Development Authority area of Clio. Many businesses in this location. For a complete list, visit: https://clio.govoffice.com/index.asp?SEC=9CB70DCA-83D4-4D36-B602-AD27D860481F&Type=B_BASIC
Lot Frontage: 35 ft.
Lot Depth: 107.50 ft.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: PART OF LOT 2 BLK K BEG S 0 DEG 47 MIN 26 SEC E 87 FT FROM NW COR OF LOT 2 TH S 0 DEG 47 MIN 26 SEC E 41.50 FT TH E 2.40 FT TH N 0 DEG 18 MIN 50 SEC E 41.50 FT TH W 3.20 FT TO PL OF BEG & W 29 FT OF N 87 FT OF LOT 2 BLK K ALSO PART OF LOT 2 BLK K BEG 29 FT E OF NW COR OF LOT 2 TH S 0 DEG 47 MIN 26 SEC E 87 FT TH E 4.7 FT TH N 0 DEG 10 MIN 39 SEC E 86.99 FT TH W 6.17 FT TO PL OF BEG & E 25 FT OF LOT 3 BLK K ORIGINAL PLAT OF CITY OF CLIO.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,244 16,712 37,553
Median Age: 36.44 40.84 40.65
Households: 2,340 6,712 14,985

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