FREESTANDING COMMERCIAL/INDUSTRIAL BUILDING - ALLEGAN, MI

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30467199
Property Subtypes: Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution, General
Building Size (RSF): 10,543 SF
Gross Land Area: 5.41 Acres
Sale Price: $575,000
Unit Price: $54.54 PSF
Ceiling: 14 ft. / 16 ft. Clear
Docks/Doors: 12 Doors
Drive In Bays: 11 Bays
Property Use Type: Vacant/Owner-User
Building Name: K&D Industrial Services
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/3/2019

Overview / Comments

AVAILABLE FOR SALE – Approx. 10,543 SF former car dealership facility on 5.4-acre parcel in Allegan, Michigan. Front building (approx. 93’x71’) includes multiple private/semi-private offices, large lobby/showroom, conference/training room, men’s/women’s restrooms, IT room, drive-thru bay with two 12’x14’ overhead doors, locker room with single restroom/2 showers, break room, work room, parts/supply room with 6’x8’ overhead door and mezzanine. Rear building (approx. 73’x53’) includes 14’ - 16’ clear-span service/storage area with drive-thru capabilities via four 10’x10’ overhead doors, two 24’x14’ overhead doors and two 10’x12’ overhead doors with additional 10’x10’ rear overhead door. Site offers large display/parking surface and pylon pole with electric. Property is conveniently located on Lincoln Rd./M-89 Hwy., just east of downtown Allegan, and zoned C-2, Commercial-General Business in Allegan Township.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $12,548 (Annual)

Additional Details

Nearest MSA: Allegan
County: Allegan
Submarket/Township: Other area
Taxing Authority: Allegan, Township of
Tax ID/APN: 03-01-034-104-00; 03-01-034-105-00
Zoning: C-2, COMMERCIAL-GENERAL BUSINESS
Property Located Between: 26th Street & 5th Street
Highway Access: Located on M-89 Highway.
Area Description: Located east of downtown Allegan.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1980
Roof Type: Folded Plate
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Parking Description: Large display/parking surface.
Overhead Cranes: Undisclosed
Amps: 600
Volts: 250
X-Phase: 3
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Radiant
Air Conditioning: Package Unit
Zoning Description: C-2, Commercial-General Business
Lot Frontage: 419.26
Lot Depth: 539.89
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Attached

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,569 14,300
Median Age: 37.12 40.02
Households: 2,996 5,506

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member
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