6946 County Road 392 - Industrial FOR SALE


Newberry, MI 49868
$2,500,000 USD
906-236-5806
6946 County Road 392, Newberry, MI for Sale
$2,500,000 USD
Industrial - FOR SALE
1/16
null | Request Cap Rate

6946 County Road 392
Newberry, MI 49868


HIGHLIGHTS

  • This industrial property sits on 10 acres of land.
  • There are multiple buildings included in this property, many of which can be used for production and/or storage purposes.
  • This property's buildings are well-maintained!

OVERVIEW

The former Northern Hardwoods facility in Newberry, MI is now available for purchase! Most recently operated as a concentration yard, this is a facility that purchases green lumber from sawmills, dries it in kilns, and then planes, grades, and resells it as kiln-dried (KD) lumber. This expansive operation is located in an industrial park just outside of Newberry in Luce County. The property consists of just under 29 acres with multiple access points. The land is level and much of it cleared and graveled. The total building square footage is approximately 60,000 with about 1500 square feet of office space, and the balance being varied manufacturing and storage space. There is an industrial sized boiler with a biomass system that would convert saw dust by-product into steam to operate the kilns. Six other large buildings are located onsite, as well. Some equipment & machinery remains from the hardwood operation, but could certainly be recycled to re-purpose the spaces. The site is available "as is" with the current equipment intact. A purchaser could re-boot the operation with limited input cost. Detailed specs of the buildings and parcels are available. All but one of the buildings are insulated and heated, and the general condition of the facilities is quite good! The yard space is significant, as well, providing more than 10 acres of additional expansion if desired.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northern Hardwoods

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.86

LAND SF

690,766

ZONING

Industrial

APN/PARCEL ID

004-003-001-0170

ASK ABOUT THIS PROPERTY

Rob SullivanNorthern Michigan Land BrokersMore Info
906-236-5806

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Rob SullivanNorthern Michigan Land BrokersMore Info
906-236-5806

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