Just to give you guys an understanding of building prices at auction right now. These listings all sold yesterday in my area:
Parcel #4 - 10230 Holly Rd. Grand Blanc, MI. Building square footage – 329,898 sq. ft. (24,700 office sq. ft.), Lot size – 44.34 acres, Built in 1987-88, Zoned I – 1, Less than I mile from I 75 expressway. Other details – parking for 350 cars, (8) restrooms, ceilings from 14’ to 34’, (2) 30 ton crane rails, air conditioned offices, (14) truck docks, (2) grade height doors. Appraised/Listed price $4,950,000, Auction price – ??? Open House Dates: Oct. 21 - 2 pm - 4 pm, October 29 - 2 pm - 4 pm, November 10 (Auction Day) - Noon to 2 pm.
SOLD:</SPAN> $450,000.00
Parcel #1 35135 Groesbeck Hwy, Clinton Twp, MI. Building sq. footage - 125,684 total sq. ft (6,000 office sq. ft.), 6.85 Acres, Zoned 1-2. Other details - between McDonalds and Wendy's on Groesbeck Hwy, traffic count of over 20,000 per day, 4 miles from I-696 expressway, air conditioned offices, (2) cranes 15 ton and 20 ton, (4) truck docks, (3) grade height doors, 12' to 28' ceilings, buss electric, super building with ample parking. Appraised/listed price $3,770,000. Auction price ??? Open House Dates: October 14 - 9 am to Noon, October 29 - 9 am to Noon and November 10 (Auction Day) - 4 pm - 6 pm.
SOLD:</SPAN> $225,000.00
Parcel #5 - 29 Superior, Hillsdale, MI. Building square forage – 129,310 sq. ft. (9585 office sq. ft.), Lot size – 14.21 acres, Zoned Industrial. Other details – property includes House at 267 E. Bacon St., (3) cranes -35 ton and (2) 10 ton, (6) restrooms, (9) truck wells, (6) grade height doors, air conditioning in offices, 440/480 power (buss), ceiling from 14’ to 28’. Appraised/Listed price $1,070,000, Auction price - ??? Open House Dates: October 14 - Noon to 2 pm, October 29, Noon to 2 pm, November 10 (Auction Day) - noon to 6 pm.
SOLD:</SPAN> $50,000.00