640 Fawn River RdSturgis, MI 49091

  • Commercial real estate
  • 2.38 AC
For Sale
$1,300,000 View listing

Property Details for 640 Fawn River Rd

Lot size
2.38 AC
Property type
Commercial real estate
APN
052-777-260-10
APU
5277726010

Description

This exceptional 5,500 square foot industrial property located at 640 Fawn River, Sturgis, MI, presents a remarkable investment opportunity. Currently operating as a thriving and turnkey auto repair and towing business, this property boasts a wealth of features ideal for continued success in this industry or adaptation to other industrial uses. The 1.39-acre lot includes a substantial fenced-in rear area, providing ample space for operations and storage. The main building features eight bays, four offices, and a loft for additional storage. Eight overhead doors, two with automatic openers, ensure efficient workflow. The property also includes a 30 x 40 foot two-bay outbuilding, six hoists, three forklifts, a ten-ton equipment trailer, and a semi-tractor. Seven tow trucks are included in the sale (two heavy-duty, one medium-duty, two flatbeds, one light-duty, and a motorcycle trailer), along with an established police rotation for towing services in two counties. Used car inventory is negotiable. The industrial zoning allows for a variety of potential uses beyond the existing business. The seller is motivated and ready to retire, making this a unique chance to acquire a well-established business and property with significant upside. This is a rare opportunity to own a substantial industrial property with existing infrastructure and proven profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,318,766
    Hospitality
    $20,443,870
    Educational
    $17,009,060
    Medical
    $17,594,026
    Retail
    $26,458,536

Location Insight

City
Sturgis
County
St. Joseph
State
Michigan
Latitude
41.7808
Longitude
-85.4261
CBSA code
44780
CBSA name
STURGIS, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,345
$28,400
$175,500
$203,900
-
$56,800
$351,000
$407,800

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