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1521 W Michigan St

165,230 SF 100% Leased Industrial Building Sidney, OH 45365 £3,834,005 (£23/SF)

Investment Highlights

  • Bankruptcy sale of industrial facility | Former Reliable Castings foundry, castings operation and warehouse
  • Excellent visibility | 33.819 Acres with over 2,000 feet of I-75 Frontage and immediate highway access
  • Excess and surplus land for expansion and development supports various business plans
  • 165,230 square feet of heavy manufacturing, machine shop, warehouse, distribution and office space
  • Significant recent building expansions and investments |19% of building area constructed since 2012
  • Property and building configurations can be utilized by a single business or multiple occupants

Executive Summary

Bankruptcy sale of 165,230 square foot industrial facility on 33+ acres at I-75 and Michigan Street. Reliable Castings is in the process of liquidating all machinery and equipment and will deliver the property vacant.

Attachments

1521 Michigan Street - Sidney, OH - Offering Memorandum

Property Facts

Price £3,834,005 Lot Size 33.81 AC
Price Per SF £23 Rentable Building Area 165,230 SF
Sale Type Investment Number of Floors 1
Sale Conditions
Distress Sale
  • High Vacancy Property
 Year Built 1953
Property Type Industrial No. Dock-High Doors/Loading 6
Property Subtype Warehouse Level Access Doors 14
Building Class B
Price £3,834,005
Price Per SF £23
Sale Type Investment
Sale Conditions
Distress Sale
  • High Vacancy Property
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 33.81 AC
Rentable Building Area 165,230 SF
Number of Floors 1
Year Built 1953
No. Dock-High Doors/Loading 6
Level Access Doors 14

Utilities

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating
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1521 W Michigan St, Sidney, OH - aerial map view - Image1
1521 W Michigan St, Sidney, OH - aerial map view - Image2

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-18-35-126-008
  • 01-18-35-126-009
 Improvements Assessment £734,642
Land Assessment £362,853 Total Assessment £1,097,496

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-18-35-126-008
  • 01-18-35-126-009
Land Assessment
£362,853
Improvements Assessment
£734,642
Total Assessment
£1,097,496

zoning

Zoning Code IIM (IIM, Industry Innovation Manufacturing District)
IIM (IIM, Industry Innovation Manufacturing District)
(614) 360-9055

Contact

  • Listing ID: 33534983

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 1521 W Michigan St, Sidney, OH 45365

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1521 W Michigan St, Sidney, OH for sale Aerial- Image 1 of 6
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1521 W Michigan St, Sidney, OH for sale Building Photo- Image 2 of 6
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1521 W Michigan St, Sidney, OH for sale Building Photo- Image 4 of 6
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1521 W Michigan St, Sidney, OH for sale Aerial- Image 5 of 6
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© 2024 CoStar Group

1521 W Michigan St
(614) 360-9055 x

1521 W Michigan St

Nathan Pealer

(614) 360-9055

(614) 360-9055

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