BANK-OWNED LIGHT-INDUSTRIAL BUILDINGS - LAWTON, MI

Industrial for Sale
Distressed
Catylist Listing ID: 30180455
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 8,040 SF
Gross Building Area: See Agent
Gross Land Area: 0.60 Acres
Sale Price: $125,000
Unit Price: $15.55 PSF
Ceiling: 16 ft. / 12 ft. Clear
Docks/Doors: 4 Doors
Office SF: 616 SF
Drive In Bays: 4 Bays
Property Use Type: Vacant/Owner-User
Building Name: Former Byers Manufacturing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 4/16/2018

Overview / Comments

AVAILABLE FOR SALE – Approx. 5,640 SF pre-engineered steel industrial building and approx. 2,400 SF pole-construction accessory building on approx. 0.60-acre parcel in Lawton. Constructed in 1972-1983, these light-industrial buildings were most recently occupied by a custom metal fabricator and feature office, shop and warehouse space with 8.5’ – 16’ ceiling height, four overhead doors (2-12’ and 2-10’), 480 volt/3-phase power, compressed air lines, ceiling-mounted space heaters and ample unpaved surface parking. Conveniently located approx. 4 miles south of I-94 and just north of the Village of Lawton, neighboring tenants include Pin High Golf Club, Motycka Trucking, Lawton Car Wash, Downs Industries and Dollar General.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Taxing Authority: Lawton, Village of
Tax ID/APN: 80-45-700-032-00
Zoning: INDUSTRIAL
Property Located Between: 66th Avenue & 1st Street
Highway Access: Located on M-40 - approx. 4 miles south of I-94.
Area Description: Located just north of Village of Lawton.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1972
Year Renovated: 1986
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame, Vinyl Siding, Wood Frame
Parking Type: Surface
Parking Description: Ample unpaved surface parking.
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 480
X-Phase: 3
Heat Type: Electricity, Natural Gas, Space Heaters
Heat Source: Baseboard, Ceiling Units
Air Conditioning: Window Unit
Zoning Description: Industrial
Lot Frontage: 100.84
Lot Depth: Irregular
Water Service: Municipal
Sewer Type: Septic
Legal Description: Beginning at a point found by commencing at the East 1/4 Post of Section 29, Town 3 South, Range 13 West, and running thence with bearings referenced to the East and West 1/4 line of said Section West, 2557.20 feet along said 1/4 line to the Centerline of Highway M-119; thence South 07 degrees 56 minutes 15 seconds East, 941.15 feet to the beginning of this description; thence North 89 degrees 27 minutes 00 seconds East, 325.85 feet; thence South 00 degrees 33 minutes 00 seconds East, 100 feet; thence South 89 degrees 27 minutes 00 seconds West, 312.89 feet to the Centerline of said Highway; thence North 07 degrees 56 minutes 15 seconds West, 100.84 feet to beginning.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,557 9,735 20,624
Median Age: 39.16 38.08 38.86
Households: 562 3,669 7,841

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member
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