1521 Michigan StSidney, OH 45365

Property Details for 1521 Michigan St

Lot size

32.71 AC

Property size (Sq ft)

167,000 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

01-1835126.008

APU

11835126008

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $36,678,916

  Hospitality

  $33,597,688

  Educational

  $27,952,884

  Medical

  $28,914,226

  Retail

  $43,482,264

Location Insight

City

Sidney

County

Shelby

State

Ohio

Latitude

40.285

Longitude

-84.1803

CBSA code

43380

CBSA name

SIDNEY, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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