Industrial Condos for Sale

Industrial for Sale
Catylist Listing ID: 30761153
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 7,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Sale Price: $795,000
Unit Price: $101.92 PSF
Ceiling: 16 ft.
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2021

Overview / Comments

Industrial flex building consisting of 2 combined condos for sale. Great location off Michigan Avenue in the Wood Duck Business Park near established retail, businesses, neighborhoods, and downtown Saline. Could be purchased as an investment property or owner occupant.

Combined 7,800 SF and currently leased month-to-month. The front of the building is flex/office space including private offices, open workspace, conference room, restrooms, and a kitchen w/ large eating space. The rear of the building is industrial space including two bay doors, 16 ft. ceiling, and restrooms. Plenty of parking in the front of the building and room for deliveries/pull throughs on the industrial side of the building.

40 parking spaces

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Saline
Tax ID/APN: 18-12-31-120-017, 18-12-31-120-018
Zoning: I-2
Property Located Between: Just north of Campus Pkway
Highway Access: US-23
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 40
Overhead Cranes: Undisclosed
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: I-2, general industrial. The I-2 district is intended for manufacturing, assembly and material distribution facilities. The permitted uses in this district tend to have a more intensive use of products and chemicals than those permitted in the I-1 district. Manufacturing, processing, or assembling shall be permitted, provided that the materials, equipment, and processes utilized are clean, quiet, to a considerable extent, and free from objectionable or dangerous nuisance or hazard. Outdoor storage is permitted if screened from the public view. Permitted uses. All permitted uses in the I-1 district. Manufacturing, processing packaging or assembling of the following: Pharmaceutical preparations, cosmetics and toiletries. Plastic products such as laminate pipe, plumbing products, and miscellaneous molded or extruded products. Stone, clay, glass and leather products. Food products, bakery goods, candy and beverages. Prefabricated buildings and structured members. Appliances. Paper and wood products such as office supplies, bags, books, cabinets, furniture and toys. Tool and die shops, job shops, and machine shops. Metal fabrication. Warehousing, refrigerated and general storage, but not including self-storage facilities. Packaging operation, but not including baling of discarded or junk materials, such as, but not limited to, paper, cloth, rags, lumber, metal or glass. Manufacture and repair of signs, and heating and ventilating equipment. Special land uses. Automobile repair facilities and collision shops, subject to the requirements set forth in section 6.08. Self-storage facilities, subject to the requirements set forth in section 6.06. Offices and warehouses of general and heavy equipment contractors. Bulk storage, dispensing and distribution of petroleum and chemical products, flammable liquids or gases. Collection center for household waste materials to be recycled. Solid waste processing and transfer facilities. Retail sale of drug and health care products, when occupying no more than 15 percent of the floor area included as part of a building containing medical and dental offices, clinics, and medical laboratories. Business service establishments such as printing and photocopying services, publishing, mail and packaging services, typing and secretarial services and related activities. Studios for musical, dance or artistic instruction. Private service clubs, fraternal organizations and lodge halls. Business and/or technical schools. Retail sales of goods produced on the premises and occupying no more than 15 percent of the building floor area. Laundromats and dry cleaning customer outlets, including dry cleaning and laundry plants serving more than one customer outlet. Photographic studios. Health club/gymnasiums. Indoor sports facility. The following uses may be considered as special land uses in the I-2 general industrial district if the property where the use is proposed has frontage on Michigan Avenue or Maple Road: Medical and dental offices, including clinics and medical laboratories. Banks, credit unions, savings and loan associations. Funeral homes. Retail sales of musical instruments, hardware, paint and home decorating supplies, floor covering, sporting goods, furniture, home accessories and appliances.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: provided with title commitment
Land Ownership: Owned
Legal Description: UNIT 17, WOOD DUCK BUSINESS PARK. UNIT 18, WOOD DUCK BUSINESS PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,158 26,564 82,170
Median Age: 40.84 40.85 37.89
Households: 632 9,951 34,083

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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