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favorite this post 40929ft2 - Industrial User or Cash Flowing Investment Opportunity (557 Lincoln Rd, Allegan) hide this posting unhide

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40929ft2

This 5-building site on 8.62 acres offers a unique investment and/or user opportunity in the heart of Otsego. The property is fully leased, and all tenants are on month-to-month leases allowing a wide range of use flexibility. Many of the tenants have expressed interest in singing long term leases. Each building in separately metered. Buildings can be used for warehouse, distribution, manufacturing, refrigerated storage and other industrial uses.

Building #1 is a 2,393 SF office building generating approximately $2,000/month gross income. The building has a new roof.

Building #2 is an 11,036 SF dock-high refrigerated building with 12' clear height, 4 docks and an approximately 1,000 SF freezer room. The roof is approximately 15 years old. The building has two tenants generating $1,300/month gross rental income.

Building #3 is an 8,520 SF manufacturing building with 10' clear heights throughout, 3-Phase / 480-Volt / 400 amps of power, 2 drive-in-doors and 1 dock door. Approximately half of the building has a new roof. The building is leased to the same tenant as Building #5; together these buildings generate $3,040/month in gross rental income.

Building #4 is an 8,820 SF service building with 3 drive-in bays, 15'6" clear heights. The roof is approximately 15 years old. The building is leased to two tenants and generates approximately $2,300/month in gross rental income.

Building #5 is 10,160 SF and is leased to the same tenant as Building #3. The building has 13'4" clear heights, 1 dock and 2 drive-in-doors. The landlord is in the process of replacing this roof.

The asking price is $770,000.00.

Contact Tim Van Noord at Colliers International for more information.
  • do NOT contact me with unsolicited services or offers

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