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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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650 E Woodworth St , Bad Axe, MI 48413
$175,000
Est. Payment: $388.89/mo
0 Bed
0 Bath
5700 Sqft
Status: Active | Days on site: 13
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House Description

Rare industrial opportunity with 5,700 sq ft of warehouse space, exceptional ceiling height, truck access, outdoor storage potential and $18,000 in existing annual lease income. Strategically positioned just off M-142, the property offers convenient access to Bad Axe and surrounding Thumb communities. Its location between three lightly traveled roads provides excellent flexibility ingress and egress. Built with airplane-hangar-style construction, the building features ceiling heights ranging from approximately 22 feet to 35 feet, creating tremendous vertical storage and equipment capacity. Four truck bays and two overhead doors provide convenient loading and unloading, while the .60-acre site offers room for parking trucks, trailers, equipment and other commercial vehicles. The property currently generates $1,500 per month in lease income, including approximately $1,100 per month from technology companies utilizing the building's height for satellite-related equipment and $400 per month from warehouse space. The warehouse tenant could vacate with a few months' notice, giving an owner the opportunity to utilize the full building. For an investor, the property offers immediate cash flow. For a business owner, the combination of substantial interior volume, truck bays, overhead doors and an accessible site creates an ideal setup for contractors, transportation companies, equipment operators, manufacturers, or distributors. Less than one mile from Huron County Memorial Airport, the existing silos are grandfathered with respect to height restrictions, a feature difficult to duplicate. The silos provide approximately 70,000 bushels of storage capacity and include a bean ladder. Whether you're looking for a high-capacity owner-user facility, truck and equipment storage or an investment property with existing income and additional upside, this property offers a rare combination of functionality, accessibility and flexibility in Bad Axe. Located just E of 626 E Woodworth.

Highlights

Listed by Rachel M Opperman Clark , 989-385-1959 Knockout Real Estate , 989-652-6300.

Property Type

Commercial Sale

Lot/Acreage
0.66

County

Huron

Neighborhood

Bad Axe City

School District

Bad Axe

Listing ID

20261071315

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Principal Interest
$389
Taxes
$295

Home Price

$175,000

Loan Details

30 yrs
%

Down Payment

20%
$35,000
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Monthly Price:
$388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $388.89 $295.25 $0.00 $684.14
Yearly $4,666.67 $3,543.00 $0.00 $8,209.67
Total $140,000.00 $106,290.00 $0.00 $246,290.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Bad Axe, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.