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High Colors 1100 Industrial Blvd 29,892 SF Industrial Building Albion, MI 49224 $1,500,000 ($50.18/SF) 8% Cap Rate
Investment Highlights
- Turnkey Condition: Over $800,000 in capital improvements including full interior renovation in 2024.
- Infrastructure: Bus duct, 300 kVA transformer, overhead compressed air lines, new RTUs, security system, LED lighting.
- Excellent Opportunity for expansion or repositioning in a growth-oriented industrial corridor.
- Strategic Location: Immediate access to I-94, connecting to Detroit (80 mi), Battle Creek, Jackson, Grand Rapids, and Kalamazoo.
- Located in Albion Industrial Park, supported by Albion Economic Development Corporation.
- 3 % buy side commission
Executive Summary
This 29,892 SF warehouse/manufacturing building on a 2.59-acre lot offers a prime opportunity for owner-users or investors. Located just 2 miles from both downtown Albion and I-94, the property provides excellent accessibility. Originally built in 1997 and renovated in 2024, the building includes: 3,000 SF office/showroom 26,986 SF warehouse/industrial 15'–20' ceiling heights 6 dock-high doors and 2 drive-in doors Upgraded electrical (300 kVA transformer, bus duct) Overhead compressed air lines
Recent capital improvements of over $800,000 include HVAC upgrades (2–5 ton RTUs), interior renovations, new lighting, and a security system. Zoned Light Industrial (28138),
this property is suitable for a wide range of industrial uses or investment with leasing upside. Currently vacant and move-in ready. Pro forma cap rate is approximately 8%
Recent capital improvements of over $800,000 include HVAC upgrades (2–5 ton RTUs), interior renovations, new lighting, and a security system. Zoned Light Industrial (28138),
this property is suitable for a wide range of industrial uses or investment with leasing upside. Currently vacant and move-in ready. Pro forma cap rate is approximately 8%
Property Facts
Amenities
- Signage
Property Taxes
| Parcel Number | 51-006-461-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $223,900 |
Property Taxes
Parcel Number
51-006-461-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$223,900
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High Colors | 1100 Industrial Blvd
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