$630,000
Commercial Property for Sale in Magdalena New Mexico 87825
Magdalena, New Mexico
Soft OfferCommercial Property for Sale in Bad Axe Michigan 48413
977 N Van Dyke Rd, Bad Axe, Michigan 48413
$1,250,000
$36 / sq ft Listed Nov 19, 2024
34,289 sqft
Building
2019
Built
231
Units
About this property
Commercial Property for Sale in Bad Axe Michigan 48413 is an industrial for sale in Bad Axe, Michigan, listed at $1,250,000. Key details: year built 2019, building size 34,289 sqft, total units 231, occupancy 28%. Listed by Milburn Stevens of Calvary Realty on LoopingCloud and last updated March 20, 2025.
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."
Calvary Realty is pleased to present Thumb Storage & Business Suites, a prime storage investment located at 977 N Van Dyke Rd in Bad Axe, Michigan. This facility sits on 4.14 acres in Huron County, with a population of 30,927. The property features a total of 64,789 rentable square feet, with 34,289 square feet of enclosed space and 30,500 square feet of unenclosed storage. Converted in 2019, the facility consists of 231 units and offers a strong opportunity for occupancy growth, with the current physical occupancy at 28%.
Thumb Storage is equipped with modern amenities, including ESS management software for seamless operations, electronic entrance gates, and security cameras. The facility has undergone recent capital improvements, ensuring its readiness for future tenants. Positioned at a signalized intersection with a traffic count of 5,770 vehicles per day, the property benefits from good visibility and accessibility. The fenced and lit premises further enhance security, making it an attractive option for both renters and investors.
With a low price per square foot and a pro forma cap rate of 14.21%, this property presents substantial upside potential for expansion and increased occupancy. Investors will appreciate the growth opportunities offered by the underutilized enclosed square footage and the potential for further development. Thumb Storage & Business Suites stands as a solid investment with long-term potential in a growing market.
Key highlights
- Year Built 1980 (2019 Conversion)
- Unenclosed Sq. Ft. 30,500
- Enclosed Sq. Ft. 34,289
- Acreage 4.14
- Priced Below Replacement Cost
- Low Price Per Square Foot
- Signalized Intersection
- Good Traffic Count
- Fencing, Lighting, & Security Cameras
- ESS Management Software
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2019
- Building Size
- 34,289 sqft
- Total Units
- 231
- Occupancy
- 28%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$36
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,250,000 | 0.63% | - | - | - |
Features and amenities
Property Features
- Year Built 1980 (2019 Conversion)
- Unenclosed Sq. Ft. : 30,500
- Enclosed Sq. Ft. : 34,289
- Acreage : 4.14
Highlights
- Priced Below Replacement Cost
- Low Price Per Square Foot
- Signalized Intersection
- Good Traffic Count
- Fencing, Lighting, & Security Cameras
- ESS Management Software
- Unused Enclosed Square Footage
- Occupancy Upside
- Recent Conversion
- Electronic Entrance Gate
- Expansion Potential
- Recent Capital Improvements
Location
Address as shown by the lister.
Get directionsAbout this area - Bad Axe
- Population
- 8,034
- Housing units
- 3,302
- Land area
- 136.1 sq mi
- County
- Huron
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
10 files to downloadAdditional contacts
2 people to reach- Denise Theus - CA# 00902242Investment Advisor (818) 860-1319
- Eric Israel - MI License #6504431408/TeamVRG@gmail.comPresident - The Virtual Reaty Group (888) 407-2410
Frequently asked questions
What is the asking price of Commercial Property for Sale in Bad Axe Michigan 48413?
Commercial Property for Sale in Bad Axe Michigan 48413 is listed at $1,250,000. That works out to about $36 per square foot.
Where is Commercial Property for Sale in Bad Axe Michigan 48413 located?
The property is in 977 N Van Dyke Rd, Bad Axe, Michigan 48413, Huron County.
What type of property is this?
This is an industrial for sale in the commercial category.
How big is the property?
The building is 34,289 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Milburn Stevens of Calvary Realty listed this property. Use the Request Info button to send a message or call (760) 641-0511.
When was this listing published?
It was published on November 19, 2024 and last updated on March 20, 2025.
Listing information
- Listing ID
- CL-Michigan-12833
- Published
- Nov 19, 2024
- Last updated
- Mar 20, 2025
- Views
- 542
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