291 Hanthorn StHaring charter Township, MI 49601

  • Commercial real estate
  • 0.52 AC
For Sale
$550,000 View listing

Property Details for 291 Hanthorn St

Lot size
0.52 AC
Property type
Commercial real estate
APN
2209-28-1327
APU
2209281327

Description

This exceptional investment opportunity presents two adjoining industrial warehouse buildings totaling over 15,200 square feet on a one-acre lot in Cadillac, Michigan. Ideally situated just blocks from the bustling 34th Road, this property offers significant potential for immediate income and future expansion. The first building, located at 315 Hanthorn Street, boasts over 8,600 square feet of space. It features a well-appointed reception and office area, complete with bathrooms, providing a professional front-of-house experience. The expansive rear storage area features 11-foot sidewalls, with additions that increase storage capacity. A lofted upper level doubles the storage potential, accessed via multiple overhead doors. The second building, at 291 Hanthorn Street, comprises over 6,200 square feet with impressive 14-foot sidewalls. This building includes a convenient loading dock and a 12-foot high overhead door, enhancing operational efficiency. Similar to the first building, this structure also benefits from a fully lofted upper level, effectively doubling its storage capacity. Each building currently sits on a half-acre lot and is under a month-to-month lease, offering flexibility for the new owner. The seller is open to considering separate offers for each building. This property represents a rare chance to acquire a substantial industrial portfolio in a prime location with immediate income potential. Don't miss this opportunity to capitalize on the strong demand for industrial space in Cadillac.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,744,523
    Hospitality
    $4,345,958
    Educational
    $3,615,786
    Medical
    $3,740,138
    Retail
    $5,624,556

Location Insight

City
Cadillac
County
Wexford
State
Michigan
Latitude
44.2765
Longitude
-85.402
CBSA code
15620
CBSA name
CADILLAC, 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
$2,037
-
-
$50,300
-
-
-
$100,600

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