5438 220th Avenue Reed City, MI ^$ 3,000,000

5438 220th Avenue

^$ 3,000,000

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5438 220th Avenue

Reed City, MI, 49677

^$ 3,000,000

Bedrooms-- Baths-- Sq 21,670

Monthly Estimate*

^$ 18,716

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Commercial Property for sale in Reed City, MI

for $3,000,000. This 21,670 square foot building was built in 1980 on a lot size of 32.23.

For Sale: Exceptional Industrial Property with Expansion CapacityDiscover this prime industrial property spanning 32 acres, perfect for expanding your business operations. This property boasts two substantial building units, featuring a total of 10,000 square feet of open industrial space and 5,000 square feet of office space. The facility is well-equipped with two 2-ton overhead cranes and one 3-ton overhead crane, enhancing your lifting capabilities.A single loading dock ensures smooth logistics, while the property currently hosts three tenants, providing immediate rental income. Additionally, the property includes a semi truck wash owned by the seller, adding further value and convenience.Don't miss this rare opportunity to acquire a property with vast potential for growth!

Commercial Active

Price

^$ 3,000,000

Property Type

Commercial

Taxes

^$ 8,793

Style

Commercial/Industrial

Lot Size

32.23

Year Built

1980

Town/City

Reed City

County/Region

Osceola

MLS | Web ID

70388022

Features

General

Heating Forced Air

Roof Metal Rubber

Status Active Active

Year Built 1980

Parking 100+ Spaces

County Osceola

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Richmond Twp

Zoning Industrial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Bath Crane Outside Storage Separate Meters Sprinkler System

Area Richmond Twp (67013)

Primary City Reed City

Directions US 131 to US 10 (Exit 153 / Reed City).Turn E to the first traffic signal.Turn N onto Patterson Rd (220th Ave).Property is on the E side of the road (less than 1/2 mile north of US 10).

City Reed City

Financial Terms Cash Conventional

Legal Description SEC 4 T17N R10W PT OF W 1/2 COM S0DEG42'22''W 12.72 FT FR W 1/4 COR TH S89DEG48'09''E 633

DOM 672

Postal Code 49677

Price Per Sq Ft Total AG 138.44

Public Remarks For Sale: Exceptional Industrial Property with Expansion CapacityDiscover this prime industrial property spanning 32 acres

Exterior

Exterior Block Concrete Metal Steel

Frontage 986

Body of Water Lake

Lot Size Area 32.23

Lot Dimensions 986 x 1277

Water Features Lake/River Access River Frontage Water View

Roads City/County Paved Street

Waterfront Y/N Yes

Interior

Ceiling Height 16-20 Feet

Fuel Type Natural Gas

* Excluded Features

List By

Gary Bailey Sr

Listing Agent

Crossroads Realty Of Michigan

Broker

gary@crossroadsrealtymi.com

Affordability Calculator

$19,449

Per Month

Monthly Principal & Interest: $18,716
Monthly Property Taxes: $733
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Reed City, MI

Average List Price ^$990,960

Percent of Sale Price 67%

About Reed City, MI

6,923 Population

-1% Since 2002

^$38,407 Median Income

42.58 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/1/2024	$3,000,000		Listed Price

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5438 220th Avenue, Reed City, MI, 49677 is a Commercial Property for sale at $3,000,000 with 21,670 sqft and a lot size of 32.23. 5438 220th Avenue was built in 1980. The property's zip code is 49677 which is in Reed City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5438 220th Avenue

Commercial Property for sale in Reed City, MI

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