Exceptional opportunity to own a well-maintained with rental income refrigerated storage facility positioned at the highly visible and easily accessible corner of M-37 and M-46, the address of which is 961 Newaygo Road, Casnovia, MI. This location offers outstanding commercial exposure and convenient transportation routes for intake and distribution operations. The 82,240 square foot income generating refrigerated storage building features high ceilings, wide door openings, post free rooms, three loading docks, finished office area and conference room, two kitchen areas and ten wide overhead door accesses. A nearby 5,880 square foot 3 bay shop building with one being a drive through suitable for doubles drive an overhead mezzanine, tool room and restroom. In addition, there is a 884 square foot utility building situated on a minimum 10+/- acres with more land available from the surround...
Exceptional opportunity to own a well-maintained with rental income refrigerated storage facility positioned at the highly visible and easily accessible corner of M-37 and M-46, the address of which is 961 Newaygo Road, Casnovia, MI. This location offers outstanding commercial exposure and convenient transportation routes for intake and distribution operations. The 82,240 square foot income generating refrigerated storage building features high ceilings, wide door openings, post free rooms, three loading docks, finished office area and conference room, two kitchen areas and ten wide overhead door accesses. A nearby 5,880 square foot 3 bay shop building with one being a drive through suitable for doubles drive an overhead mezzanine, tool room and restroom. In addition, there is a 884 square foot utility building situated on a minimum 10+/- acres with more land available from the surrounding acreage. Estimated 10% cap rate on 6 to 7 months if apple storage, leaving 5 to 6 months of space available to lease.
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Research Parcel InformationThis West Michigan Income Producting Refrigerated Storage Property is conveniontly located half way (22 miles) between Grand Rapids and Muskegon at the intersection of M-46 & M-37.