Homes for sale - 52366 M-51, Hamilton Twp, MI 49047

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 1,888,000

Est. payment -/mo

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52366 M-51 Hamilton Twp, MI 49047

63,148 SqFt

UPDATED:

11/13/2024 02:18 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 63,148 sqft

Price per Sqft $29

MLS Listing ID 66024058947

Originating Board Greater Kalamazoo Association of REALTORS®

Year Built 1955

Annual Tax Amount $26,804

Lot Size 7.300 Acres

Acres 7.3

Lot Dimensions Irregular

Property Description

Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 6 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres

Location

State MI

County Van Buren

Area Hamilton Twp

Zoning Other

Direction M-51 Highway to 92nd st. property is at 56th St & 92nd St

Interior

Heating Forced Air

Heat Source LP Gas/Propane

Exterior

Roof Type Metal

Road Frontage Paved

Building

Water Well (Existing)

Structure Type Frame,Metal Siding,Wood

Schools

School District Decatur

Others

Tax ID 801003200401

Acceptable Financing Cash, Conventional

Rebuilt Year 2008

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Listed by Pat O'Brien of O'Brien Real Estate