Former Yellow Freight

Industrial for Sale
Catylist Listing ID: 29985144
Property Subtypes: Cold Storage, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 9,758 SF
Gross Building Area: 10,000 SF
Gross Land Area: 6.10 Acres
Sale Price: $325,000
Unit Price: $33.31 PSF
Ceiling: 12 ft.
Docks/Doors: 16 Docks, 16 Doors
Office SF: 3,200 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: Former Yellow Freight
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2016

Overview / Comments

Currently connected to Well & Septic with municipal water and sewer at road. Main floor office area is 1250 sq ft consisiting of two offices, storage room, r hapf baths and entry foyer. Upper office area is 2029 sq ft with 4 offices, kitchenette, offices wired for computer, phones, faxes. Under the office is 2029 sq ft of heated storage space with one overhead door and one side entrance door. Three furnaces servicing the lower office level upper office and lower storage level, the warehouse area is not heated or cooled. Originally constructed in 1975 with office addition built in 1996. There is 86,000 sq ft of parking area mostly fenced. There is roof mounted security lights along with security with fire and heat detection with motion floor and door sensors.


Finance Data Year 2016
Real Estate Taxes - Annual($) $10,618 (Annual)
Assessed Value - Total($) $230,200 (Annual)

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: Madison Township
Tax ID/APN: MD0-114-1175-00
Property Located Between: US 223 and E. Carleton Rd.
Highway Access: US-223 1/8 mile North
Airports: Lenawee County
Site Description: Generally level
Area Description: Located 1/8 mile South of US-223 and M-52 Intersection Highest traffic Counts in Lenawee County.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,500 SF
Year Built: 1979
Year Renovated: 1996
Roof Type: Arched
Construction/Siding: Metal Siding
Exterior Description: metal siding
Parking Type: Surface
Total Parking Spaces: 100
Eave Height: 14
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 400
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Office area nicely finished with carpet, drywall and paint. Warehouse area with 16 overhead doors has skylights and fluorescent lighting
Zoning Description: Madison Township C-2 District, this zoning allows for warehouse/light industrial type uses as well as commercial uses.
Lot Frontage (Feet): 450
Lot Depth: 600
Water Service: Well
Sewer Type: Septic
Easements: Utilities
Easements Description: Municipal Water line
Land Ownership: Private

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,225 30,565 37,029
Median Age: 33.66 35.98 36.9
Households: 1,719 10,587 13,037


Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Howard Hanna CPIX Member
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