58233 Gratiot Ave - Manufacturing FOR SALE


New Haven, MI 48048
$3,250,000 USD
586-327-8033
58233 Gratiot Ave, New Haven, MI for Sale
$3,250,000 USD
Manufacturing - FOR SALE
1/17
null | Request Cap Rate

58233 Gratiot Ave
New Haven, MI 48048


OVERVIEW

Established custom plastic injection molding business offered together with its industrial real estate and seller-owned machinery and equipment. Founded in 1988, the company operates from a meticulously maintained 21,487-square-foot manufacturing facility situated on approximately five acres along Gratiot Avenue in New Haven. The business serves customers across several established end markets, including lighting, government and military vehicles, marine, and automotive applications. Capabilities include custom plastic injection molding, product and mold design, precision CNC machining, rapid prototyping, production support, and in-house quality inspection. Ownership has managed the operation remotely for years, supported by an established team. Existing personnel have expressed an interest in remaining through a transition, subject to mutually acceptable employment arrangements. The business generates approximately $500,000 in Seller’s Discretionary Earnings based on the average of the last three years. The sale includes the real estate and seller-owned machinery and equipment. Detailed financial statements, employee and management information, customer information, and equipment and tooling schedules will be provided to qualified buyers after execution of a confidentiality agreement. The facility occupies the front portion of the site, leaving additional acreage behind the building for potential facility expansion, land division, or future redevelopment, subject to zoning, governmental approvals, and buyer due diligence. Ownership is retiring after nearly four decades of continuous operation.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

21,487 SF Manufacturing Facility, Business &

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

Lighting - Fluorescent, Water, Sewer, Heating

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.33

LAND SF

188,441

ZONING

LI

APN/PARCEL ID

26-06-34-152-028

ASK ABOUT THIS PROPERTY

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586-327-8033

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Brock BeanTDG CommercialMore Info
586-327-8033

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