5438 S 220th Avenue, Reed City, MI 49677 (MLS# 24005544)
5438 S 220th Avenue, Reed City, MI 49677
$3,000,000
Property Type:
Commercial Sale
Square Footage:
21,670
Lot Size (sq. ft.):
1,403,939
Status:
Active
Current Price:
$3,000,000
List Date:
2/01/2024
Last Modified:
3/10/2025
Description
For Sale: Exceptional Industrial Property with Expansion Capacity
Discover 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!
More Information MLS# 24005544
Location Property Info
County: Osceola
Street #: 5438
Street Direction: S
Street Name: 220th
Suffix: Avenue
State: MI
Zip Code: 49677
Zip (4): 8293
Area: West Central - W
OfficeContract Info
Status: Active
Current Price: $3,000,000
List Price: $3,000,000
Listing Date: 2024-01-31
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 32.23
Lot Square Footage: 1403939
Lot Dimensions: 986 x 1277
Year Built: 1980
Road Frontage: 986
Mineral Rights: Unknown
Year Remodeled: 2004
Total # Units: 2
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 4
Total # Bldgs: 2
Total SqFt: 21670
Property Use Type: Investment
Full Baths: 4
Waterfront: Yes
Body of Water: Lake
School District: Reed City
Statewide Lakes & Rivers: Lake
Middle School: Reed City Middle School
High School: Reed City High School
Tax Info
Tax ID #: 13-004-011-10
Taxable Value: 192215
SEV: 218100
For Tax Year: 2023
Annual Property Tax: 8793
Tax Year: 2022
Spec Assessment & Type: None Known
Non-Conforming Use: No
Zoning: Ind Improved
Remarks Misc
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).
Additional Details
# Loading Docks/Well: 1
Total Parking Spaces: 400
Grd Lvl OH Doors: 15
Ceiling Height: 20
Waterfront Options
Water Access Y/N: No
Water Frontage: 1000
Property Features
Property Use: Business; Investment
Water Type: Lake; River
Uses: Distribution; Manufacturing; Professional/Office; Storage; Other
Ownership: Proprietorship
Business Includes: Real Estate
Construction Type: Block; Concrete; Steel
Exterior Material: Block; Concrete; Metal Siding
Roofing: Metal; Rubber
Foundation: Slab
Below Grade: None
Additional Features: Bath Common Area; Expandable; Fenced Storage; Fire Sprinkler; Multi User Facility; Outdoor Storage; Over Head Crane; Util Sep Mt
Tenant Pays All: Electric; Gas
Sewer: Public Sewer
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved; Shared Unpaved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Crossroads Realty of Michigan
Listing Agent: Gary Bailey Sr
Last Updated: March - 10 - 2025
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