189 W Garfield Ave

Industrial for Sale
Catylist Listing ID: 30535085
Property Subtypes: Food Processing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 51,296 SF
Gross Land Area: 7.45 Acres
Sale Price: $1,995,000
Unit Price: $38.89 PSF
Ceiling: 24 ft. Clear
Docks/Doors: 6 Docks, 2 Doors
Office SF: 3 SF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 51,296 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

The property located at 189 W Garfield Ave has historically been used for food manufacturing processes. The building features heavy power, compressed air lines, as well as a nice compliment of loading docks and drive-in door capabilities.
The facility has been well maintained and has updated lighting and the potential for an emergency generator. The facility also has excess land for potential expansion opportunities as well as a service building located to the rear of the property.
There are not many properties in this section of the State of Michigan of this quality and condition and this property will not last long

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $29,169 (Annual)
Assessed Value - Total($) $470,300 (Annual)

Additional Details

Nearest MSA: Coldwater
County: Branch
Taxing Authority: City of Coldwater
Tax ID/APN: 304-000-000-654-01
Zoning: D-2 HEAVY INDUSTRIAL DISTRICT
Property Located Between: B-69 and Jay Ave and Darling and Fenn
Highway Access: 0.47 Miles to Business 69, 1.44 Miles to Us 12, and 2.86 Miles to I-69
Airports: Kalamazoo / Battle Creek International Airport
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: On-Site
Column Spacing: 30' x 50'
Overhead Cranes: Undisclosed
Amps: 1,200
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Lot Frontage: 601.0
Lot Depth: 540.0
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,366 11,975 20,269
Median Age: 32.85 36.24 39.18
Households: 923 4,650 6,933
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.