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1920 North State Road
Ionia, MI 48846
Asking Price
$5.00M
Asset Type
Warehouse Industrial
Class
Class B
What's Special
39,000 SF Existing Improvements | Expansion Land | Development Potential <p>One of the most compelling attributes of the property is the substantial amount of excess land available for future development.</p><p>With approximately 35 acres under common ownership and low existing site coverage, the property offers the ability to expand operations, construct additional facilities, establish industrial outdoor storage, or create a multi-building campus environment.</p><p>This flexibility positions the property as a long-term strategic asset rather than simply an existing
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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.46%
Monthly Payment
$24,737.272
Annual Cash Flow
$-216,847.263
