61675 & 61819 M 40 Highway & 0 CR 653

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30761552
Property Subtypes: Cold Storage, Warehouse/Distribution
Building Size (RSF): 17,560 SF
Gross Land Area: 6.70 Acres
Sale Price: $475,000
Unit Price: $27.05 PSF
Ceiling: 34 ft. / 24 ft. Clear
Docks/Doors: 4 Docks, 4 Doors
Office SF: 1,200 SF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 17,560 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

AVAILABLE FOR SALE: Bank-owned, 17,560 SF former produce storage and packing facility on 6.7 acres in Paw Paw. Property features a 11,200 SF (70’x160’) steel, refrigerated warehouse building with 34’ – 24’ sloped ceiling, interior loft area, 4 docks w/levelers and recessed truckwell w/concrete base and 3 GLOH doors; a 5,560 SF pole-built office/warehouse building with dry storage/cooler area and 1 GLOH door; and a 800 SF building addition with a breakroom and men’s/women’s restrooms. Site offers approx. 956’ of frontage on M-40 Hwy. and access from both M-40 Hwy. and Almena Dr./CR 653. Well located close to I-94, property is situated just 1.5 miles south of the Paw Paw interchange and 2.4 miles north of the Village of Lawton. Future land use classified as commercial per Antwerp Township.

Sale subject to bank approval. Property to be sold in “As is” “Where is” condition, with all faults, and will be conveyed by Covenant Deed. Property includes APN# 80-02-019-023-01 (61675 M-40 Hwy.), 80-02-019-023-11 (0 CR 653) and 80-02-019-023-20 (61819 M-40 Hwy.). Existing residential building given no value. Parcels to be sold together. Total square footage/parcel dimensions are approximate and subject to Buyer verification. No drawings on file with Seller.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $20,031 (Annual)
Assessed Value - Total($) $344,600 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: Antwerp Township
Tax ID/APN: 80-02-019-023-01, 80-02-019-23-20, & 80-02-019-023-11
Zoning: R-1 RURAL ESTATE RESIDENTIAL
Highway Access: Fronts on M-40
Airports: Kalamazoo / Battle Creek International Airport
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1995
Year Renovated: 2006
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Parking Description: On Site
Eave Height: 24,280
Overhead Cranes: Undisclosed
Volts: 280
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent, Incandescent
Zoning Description: Currently Zoned R-1 - Rural Estate Residential Future Land Use Classified as Commercial per Antwerp Township.
Lot Frontage: 956' Approx.
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,130 11,512 21,022
Median Age: 38.49 37 38.91
Households: 799 4,356 8,010

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