309 N Prospect St - Light Manufacturing FOR SALE


Sturgis, MI 49091
$1,100,000 USD
616-206-7658
309 N Prospect St, Sturgis, MI for Sale
$1,100,000 USD
Light Manufacturing - FOR SALE
1/13
null | Request Cap Rate

NEW


309 N Prospect St
Sturgis, MI 49091


HIGHLIGHTS

  • 5-year Sale-Lease-Back
  • 9.75 CAP Rate
  • Downtown Sturgis, MI - close to Indiana border
  • Outdoor Storage ability

OVERVIEW

309 N Prospect Street presents a unique opportunity to acquire a stabilized industrial investment featuring a five-year sale-leaseback with Mad Cheetah Auction House. The offering includes approximately 33,000 square feet across two buildings on 7.70 acres spanning three parcels, providing immediate cash flow and long-term investment potential. Located in downtown Sturgis near the Indiana border, the property offers excellent accessibility, outdoor storage capabilities, and a functional industrial layout. Combined with a 9.75% cap rate and future flexibility, this asset presents an attractive opportunity for investors seeking stable income and long-term value.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

309 N Prospect/305 E Hatch St/335 Center St

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

7.6

LAND SF

331,056

ZONING

B-OS

APN/PARCEL ID

052-190-019-00,052-650-010-00

ASK ABOUT THIS PROPERTY

Jordan WenzelBradley CompanyMore Info
616-206-7658

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Jordan WenzelBradley CompanyMore Info
616-206-7658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.