• 557 Lincoln Rd - 557 Lincoln Rd, Otsego, MI 49078

For Sale

Industrial

For Sale

This property is available for sale
0.94
Acres
$770,000
Sale Price
  • Year Built
    1972
  • Overview

    This 5-building site on 8.62 acres offers a unique investment and/or user opportunity in the heart of Otsego. The property is fully leased, and all tenants are on month-to-month leases allowing a wide range of use flexibility. Many of the tenants have expressed interest in signing long term leases. Each building in separately metered.


    Building #1 is a 2,393 SF office building generating approximately $2,000/month gross income. The building has a new roof.


    Building #2 is an 11,036 SF dock-high refrigerated building with 12' clear height, 4 docks and an approximately 1,000 SF freezer room. The roof is approximately 15 years old. The building has two tenants generating $1,300/month gross rental income.


    Building #3 is an 8,520 SF manufacturing building with 10' clear heights throughout, 3-Phase / 480-Volt / 400 amps of power, 2 drive-in-doors and 1 dock door. Approximately half of the building has a new roof. The building is leased to the same tenant as Building #5; together these buildings generate $3,040/month in gross rental income.


    Building #4 is an 8,820 SF service building with 3 drive-in bays, 15'6" clear heights. The roof is approximately 15 years old. The building is leased to two tenants and generates approximately $2,300/month in gross rental income.


    Building #5 is 10,160 SF and is leased to the same tenant as Building #3. The building has 13'4" clear heights, 1 dock and 2 drive-in-doors. The landlord is in the process of replacing this roof.

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Property Details

This 5-building site on 8.62 acres offers a unique investment and/or user opportunity in the heart of Otsego. The property is fully leased, and all tenants are on month-to-month leases allowing a wide range of use flexibility. Many of the tenants have expressed interest in signing long term leases. Each building in separately metered.


Building #1 is a 2,393 SF office building generating approximately $2,000/month gross income. The building has a new roof.


Building #2 is an 11,036 SF dock-high refrigerated building with 12' clear height, 4 docks and an approximately 1,000 SF freezer room. The roof is approximately 15 years old. The building has two tenants generating $1,300/month gross rental income.


Building #3 is an 8,520 SF manufacturing building with 10' clear heights throughout, 3-Phase / 480-Volt / 400 amps of power, 2 drive-in-doors and 1 dock door. Approximately half of the building has a new roof. The building is leased to the same tenant as Building #5; together these buildings generate $3,040/month in gross rental income.


Building #4 is an 8,820 SF service building with 3 drive-in bays, 15'6" clear heights. The roof is approximately 15 years old. The building is leased to two tenants and generates approximately $2,300/month in gross rental income.


Building #5 is 10,160 SF and is leased to the same tenant as Building #3. The building has 13'4" clear heights, 1 dock and 2 drive-in-doors. The landlord is in the process of replacing this roof.

  • Property Type
    Industrial
  • Submarket
  • Year Built
    1972
  • Sale Price
    $770,000
  • Total Acres
    0.94
  • Number of Floors
    1
  • Zoning
    Industrial
  • Property ID
    2050864

Landlord's Sales Representative

  • Tim VanNoord
    Colliers | Grand Rapids