4296 Van Dyke Rd, Almont, MI 48003
24,000 SF | Industrial Building | Almont, MI 48003 | $2,000,000 ($83/SF) | 8.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,000,000
- Property Type
-
Industrial
- Price / Square Foot
- $83
Listing Contacts
Mike Kriss
Verified Profile
- Property Info
Property Overview
282 feet of Van Dyke frontage with high exposure count of 20,000 vehicles per day. Located just North of downtown Almont. Strategically located just south of I-69 offering easy freeway access to I-94 Port Huron, I-75 Flint, North to Port Austin or South to Detroit.
2 buildings approximately 12,000 square feet each, special C-3 Zoning allows for commercial, industrial, retail, self storage and RV/truck storage.
Buildings constructed in 2000 and are in excellent condition with free span construction for flexibility use, eighteen foot ceilings, truckwell, three phase power, 880 volt. Central air, gas forced air heat, metal roof, septic and well. 5,000 square feet of office space.
Building One is currently under lease until September 2026 with option to renew for six more years. Building Two is partially rented.
The cap rate of the properties is 8.85%, having a net operating income of $177,038.00. The annual taxes of the properties amount to $19,400.
2 buildings approximately 12,000 square feet each, special C-3 Zoning allows for commercial, industrial, retail, self storage and RV/truck storage.
Buildings constructed in 2000 and are in excellent condition with free span construction for flexibility use, eighteen foot ceilings, truckwell, three phase power, 880 volt. Central air, gas forced air heat, metal roof, septic and well. 5,000 square feet of office space.
Building One is currently under lease until September 2026 with option to renew for six more years. Building Two is partially rented.
The cap rate of the properties is 8.85%, having a net operating income of $177,038.00. The annual taxes of the properties amount to $19,400.
Property Details
- Class
- B
- Year Built/Renovated
- 2000/2014
- Stories
- 1
- Property Subtype
- Distribution, Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 302,306 SF
Highlights
- Located North of Downtown Almont.
- Special C-3 Zoning.
- Freeway access to I-94 Port Huron, I-75 Flint, North to Port Austin or South to Detroit.
- RV/Truck Storage.
- Industrial/Commercial.
- Warehouse.
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