45300 Mound Rd - Freestanding FOR SALE


Shelby Township, MI 48317- Shelby Township-Utica
$10,950,000 USD
734-846-8045
45300 Mound Rd, Shelby Township, MI for Sale
$10,950,000 USD
Freestanding - FOR SALE
1/14
null | 5.79% Cap Rate

45300 Mound Rd
Shelby Township, MI 48317
Shelby Township-Utica


OVERVIEW

Building Size: 43,750 sf Brick Block Building, 24,410 sf Brick Block Building, 23,750 sf Light weight gauge fabric building, 2052 sf Lobby Brick Block Building. Full restaurant and bar adjacent to outdoor volley ball pits. In addition a banquet room for events on site or 3 rd party rental. Total acreage 10.77 acres; 7.66 acres after removing the vacant land along Merrill and Mound as outlined bellowed. Mound Rd 1.04 acres frontage as shown on the exhibit 110’ x 412’ Zoned Commercial for sale to a user/ developer. Zoned C 4 will permit gas stations, auto repair facilities and car washes subject to special use permit is available for additional development asking price $1,200,000 see concept plans Merrill Rd 2.07 acres frontage as shown on the exhibit 182’ x 489 ’ to be retained by the Seller for future development with access across the subject property. Zoned Light Industrial $425,000. Seller will consider a sale of this land with then Sports Plex adjacent to the outdoor volley ball area for expansion or/and for future training facilities, flex industrial spaces. See attached aerial plat; Lot will be adjusted to accommodate the offset for the volley ball courts. Sport Plex includes basketball/ indoor volley ball courts, baseball training, personal fitness gym, soccer, lacrosse fields updated in the past 2 years including but not limited to interior improvements, mechanical, electrical, plumbing, finishes, parking lot and outdoor volley ball courts including a full service bar restaurant adjacent to outdoor volley ball courts. Additional room for sport banquets. Commercial Use: Warehouse/Industrial/Research and Development/Flex Space/ Commercial Year Built: 1974 remodeled 2021 Building Construction: Brick Block, Structural Steel, Metal Roof, Fabric with Structural Steel Framing Lease: 10 year term sign at closing with 2-5 yr options 3% increases yearly throughout the initial term. Base Rent begins at $634,000 a year. The Lease is absolute NNN lease with no Landlord responsibility with the exception of the exterior building structure, roof on the brick block buildings

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Total Sports Complex - Greg Grant Sportsplex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

272

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

CK MAP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.