4296 Van Dyke Rd
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4296 Van Dyke Rd
24,000 SF Industrial Building Almont, MI 48003 £1,408,410 (£59/SF) 11.28% Net Initial Yield
Investment Highlights
- Located North of Downtown Almont.
- Freeway access to I-94 Port Huron, I-75 Flint, North to Port Austin or South to Detroit.
- Industrial/Commercial.
- Special C-3 Zoning.
- RV/Truck Storage.
- Warehouse.
Executive Summary
282 feet of Van Dyke frontage with high exposure count of 20,000 vehicles per day. Located just North of downtown Almont. Strategically located just south of I-69 offering easy freeway access to I-94 Port Huron, I-75 Flint, North to Port Austin or South to Detroit.
2 buildings approximately 12,000 square feet each, special C-3 Zoning allows for commercial, industrial, retail, self storage and RV/truck storage.
Buildings constructed in 2000 and are in excellent condition with free span construction for flexibility use, eighteen foot ceilings, truck-well, three phase power, 880 volt. Recent in 2024: two new roofs, four new furnaces, three new A/C units. 5,000 square feet of office space.
Building One is currently under lease until September 2026 with option to renew for six more years.
The cap rate of the properties is 11.28%, having a net operating income of $203,194.00. The annual taxes of the properties amount to $20,355.00.
2 buildings approximately 12,000 square feet each, special C-3 Zoning allows for commercial, industrial, retail, self storage and RV/truck storage.
Buildings constructed in 2000 and are in excellent condition with free span construction for flexibility use, eighteen foot ceilings, truck-well, three phase power, 880 volt. Recent in 2024: two new roofs, four new furnaces, three new A/C units. 5,000 square feet of office space.
Building One is currently under lease until September 2026 with option to renew for six more years.
The cap rate of the properties is 11.28%, having a net operating income of $203,194.00. The annual taxes of the properties amount to $20,355.00.
Property Facts
Amenities
- Fenced Lot
- Security System
- Signage
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - Well
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 001-016-015-05 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £400,458 |
PROPERTY TAXES
Parcel Number
001-016-015-05
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£400,458
zoning
| Zoning Code | C-3 (Zoning allows for commercial, industrial, retail, self storage and RV/Truck storage.) |
| C-3 (Zoning allows for commercial, industrial, retail, self storage and RV/Truck storage.) |
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4296 Van Dyke Rd
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