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Agriculture/ Industrial-User Warehouse 300 Hammontree Dr Vacant Industrial Building Online Auction Sale Morenci, MI 49256
Matterport 3D Tour
Investment Highlights
- Subject is a 45,000-square-foot steel warehouse on 5.64 acres, zoned I-2 General Industrial supporting various users.
- Municipally approved for cultivation and processing in Lenawee County, an agriculture-based region on the Michigan-Ohio border.
- Industrial employers in Morenci include General Broach Company, a long-standing manufacturer, Kamco Industries, and Roth Fabricating.
- Approximately 10 miles from Interstate 90, 25 minutes from Downtown Adrian, and 45 minutes from Toledo, Ohio.
- Recently, the cannabis industry has added to Morenci’s business district, revitalizing the local economy and supporting city improvements.
- Education and health services, manufacturing, and public administration are the three largest industry sectors in the 10-mile radius.
Executive Summary
NAI Farbman presents the expansive warehouse property on 5.64 acres at 300 Hammontree Drive in Morenci, Michigan, to the market for industrial user acquisition.
Constructed in 2018, the subject features steel construction, one drive-in, and a clear height of 18 to 24 feet. The warehouse totals 45,000 square feet on approximately 2.21 acres, leaving 3.43 acres for further development, parking, or ample yardage for large-truck maneuvering. Utilities to the site include City water/sewer, gas, and electrical. A 3-Phase 2500 Amp power supply is ready for the panel. Use for cultivation and processing has already been approved by the City of Morenci, while General Industrial zoning supports other industrial uses.
Morenci is an agricultural town sitting just north of the Michigan-Ohio state border, approximately 10 miles from Interstate 90. Its rural setting has long sustained farming and regional manufacturing, while the cannabis industry has recently become a booming sector for the local economy. Manufacturing, contracting, dispensary, agricultural production, and self-storage warehouses surround 300 Hammontree Drive, while storefronts, restaurants, and cafes line Main Street in the downtown area, about 1 mile away. The Eugene F. Kranz Toledo Express Airport is about 30 miles from the site.
Manufacturing, construction, and trade transportation/ utilities retain over 1,000 employees in the 10-mile radius, aligning with the subject’s build-out and capabilities, as well as Morenci’s consumer demand.
Constructed in 2018, the subject features steel construction, one drive-in, and a clear height of 18 to 24 feet. The warehouse totals 45,000 square feet on approximately 2.21 acres, leaving 3.43 acres for further development, parking, or ample yardage for large-truck maneuvering. Utilities to the site include City water/sewer, gas, and electrical. A 3-Phase 2500 Amp power supply is ready for the panel. Use for cultivation and processing has already been approved by the City of Morenci, while General Industrial zoning supports other industrial uses.
Morenci is an agricultural town sitting just north of the Michigan-Ohio state border, approximately 10 miles from Interstate 90. Its rural setting has long sustained farming and regional manufacturing, while the cannabis industry has recently become a booming sector for the local economy. Manufacturing, contracting, dispensary, agricultural production, and self-storage warehouses surround 300 Hammontree Drive, while storefronts, restaurants, and cafes line Main Street in the downtown area, about 1 mile away. The Eugene F. Kranz Toledo Express Airport is about 30 miles from the site.
Manufacturing, construction, and trade transportation/ utilities retain over 1,000 employees in the 10-mile radius, aligning with the subject’s build-out and capabilities, as well as Morenci’s consumer demand.
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- Purchase Agreement
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Property Facts
| Sale Type | Investment | Lot Size | 5.64 AC |
| Sale Condition | Auction Sale | No. Stories | 1 |
| Type of Ownership | Fee Simple | Year Built | 2018 |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Parcel Number | XM0-300-7050-00 |
| Zoning | I-2 - General Industrial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.64 AC |
| No. Stories | 1 |
| Year Built | 2018 |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-2 - General Industrial |
| Parcel Number | XM0-300-7050-00 |
Amenities
- Conferencing Facility
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Columbus
892,533
174
3 h 33 m
Indianapolis
867,125
194
4 h 4 m
Chicago
2,705,994
212
4 h 15 m
Washington
702,455
504
9 h 37 m
Philadelphia
1,584,138
562
10 h 26 m
Charlotte
872,498
601
11 h 44 m
Access and Labor Force
10 Miles
Total Population
14,372
Total Labor Force
6,751
Unemployment Rate
3.44%
Median Household Income
$57,617
Warehouse Employees
2,291
High School Education Or Higher
90.00%
Sale Advisors
Sale Advisors
Gavin Mills, Sales and Leasing Agent
Gavin Mills has over five years of experience in retail, office, and development leasing and sales. He specializes in visualizing opportunities.
Nathan Casey, Vice President
Nathan has comprehensive market knowledge of various segments in the greater Detroit area industrial market, including warehousing, manufacturing and distribution product in the Metro Detroit Market.
Since 2017, Nathan has been involved with asset valuation, development of sales and leasing of various facets of commercial property with a primary focus on the industrial market and vacant land. Transaction experience ranges from sales and leasing, tenant representation, lease negotiations, adaptive re-use, Brownfield re-development, build to suit, vacant land development, landlord representation and property management.
Since 2017, Nathan has been involved with asset valuation, development of sales and leasing of various facets of commercial property with a primary focus on the industrial market and vacant land. Transaction experience ranges from sales and leasing, tenant representation, lease negotiations, adaptive re-use, Brownfield re-development, build to suit, vacant land development, landlord representation and property management.
About the Auction Technology
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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Gavin Mills -
Nathan Casey -
Daniel McCleary -
NAI Farbman
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Agriculture/ Industrial-User Warehouse | 300 Hammontree Dr
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