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309 N Prospect/305 E Hatch St/335 Center St 309 N Prospect St 33,000 SF Flex Building Sturgis, MI 49091 $1,100,000 ($33.33/SF)
Investment Highlights
- 5-year Sale-Lease-Back
- Downtown Sturgis, MI - close to Indiana border
- 9.75 CAP Rate
- Outdoor Storage ability
Executive Summary
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.
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.
Property Facts
| Price | $1,100,000 | Rentable Building Area | 33,000 SF |
| Price Per SF | $33.33 | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1920 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Manufacturing | Parking Ratio | 3.79/1,000 SF |
| Building Class | C | Clear Ceiling Height | 13’ |
| Lot Size | 7.60 AC | ||
| Zoning | B-OS | ||
| Price | $1,100,000 |
| Price Per SF | $33.33 |
| Sale Type | Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 7.60 AC |
| Rentable Building Area | 33,000 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 3.79/1,000 SF |
| Clear Ceiling Height | 13’ |
| Zoning | B-OS |
Amenities
- Air Conditioning
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $227,800 | |
| Land Assessment | $40,200 | Total Assessment | $268,000 |
Property Taxes
Parcel Numbers
Land Assessment
$40,200
Improvements Assessment
$227,800
Total Assessment
$268,000
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