For Sale
$4,900,000

1521 Michigan StSidney, OH 45365

165,230 SF Industrial; Bankruptcy Sale

Overview

Added:
Dec 11, 2024
Days on market:
114
This bankruptcy sale presents a unique opportunity to acquire a substantial industrial facility totaling 165,230 square feet situated on a 33.819-acre lot in Sidney, Ohio. The property boasts an excellent location with over 2,000 feet of I-75 frontage, ensuring high visibility and convenient highway access. The facility, formerly occupied by Reliable Castings, comprises five buildings constructed between 1953 and 2018, offering a mix of heavy manufacturing, machine shop, warehouse, distribution, and office space. Ceiling heights range from 13'8" to 23'9", and the property includes 14 dock-high doors and 6 loading docks. The zoning is IIM - Industry Innovation Manufacturing, allowing for diverse uses. Nineteen percent of the building area has been added since 2012, reflecting significant recent investment. The ample land provides opportunities for expansion or multi-tenant development. The property will be delivered vacant on February 1, 2025, presenting a blank canvas for a new owner/user or investor. Given the limited industrial supply in the submarket (2.3% vacancy rate, per CoStar), this is a compelling investment opportunity. The asking price is $4,900,000, translating to $29.66 per square foot and $144,889 per acre for the land. The property is offered fee simple.

Highlights

  • Bankruptcy sale of a former Reliable Castings foundry and industrial facility.
  • 165,230 SF of heavy industrial space encompassing manufacturing, machine shop, warehouse, and office areas.
  • High-visibility 33.819-acre site with over 2,000 feet of I-75 frontage, offering excellent highway access.
  • Significant recent building expansion, with 19% of the building area added since 2012.
  • Extensive land allows for future expansion or multi-tenant development.
  • Flexible layout adaptable to single or multiple tenants.

Property Details for 1521 Michigan St

Property type
Warehouses, Industrial properties
Square Feet
165,230 SF
Class
C
Buildings
5
Stories
1
Lot Size (sq. ft)
1,473,156 SF

Location Insight

City
Sidney
County
Shelby
State
Ohio
Latitude
40.287866895019
Longitude
-84.179693935522
1521 Michigan St, Sidney, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1521 Michigan St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message