1244 Dean RdTemperance, MI 48182

Property Details for 1244 Dean Rd

Year built

1962

Lot size

6.25 AC

Property size (Sq ft)

87,299 SF

Property type

Office properties

Property subtype

Office buildings

APN

02-022-069-10

APU

202206910

Description

This exceptional 6,064-square-foot warehouse, located at 1244 W Dean Rd in Temperance, Michigan, presents a significant opportunity. Situated on a 6.25-acre lot, this single-tenant property boasts a 16-foot ceiling height, perfect for various industrial uses. Built in 1962 and extensively renovated in 2017, the building is well-maintained and features two dock-high doors for efficient loading and unloading. The property includes 160 parking spaces, ensuring ample room for employees and visitors. Power is robust, featuring 400/200a/480/208v 3-phase service. The building also includes one 1-ton crane. Recent upgrades include fresh paint and improved lighting. The property is zoned RB-2 and its address is conveniently located on a two-lane, two-way street, with Lewis Avenue as a cross street. The APN is 580202206910, and the property is located in Monroe County, Michigan, zip code 48182. This well-equipped facility is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $14,944,536

  6.5%

  $13,794,956

  7%

  $12,809,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,165,948

  Geo Method

  $8,165,948

• Alternative Use

  Use

  Valuation

  Residential

  $17,105,746

  Hospitality

  $15,668,771

  Educational

  $13,036,234

  Medical

  $13,484,570

  Retail

  $20,278,586

Location Insight

City

Temperance

County

Monroe

State

Michigan

Latitude

41.7657

Longitude

-83.5742

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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