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  • 1101 Chavez Dr
    Flint, MI 48503
    Genesee County
  • Property Type:
    Commercial Property
  • Lot Size:
    ±3.36 acres

Commercial Property For Sale in Flint, MI

Online Auction for ±48,452 SF former Armory in Flint, MI

Auction #307-2

Property Description

** MINIMUM BID MEETS RESERVE **

The former Historic Flint Armory is now available to purchase via Online Auction! The ±48,452 SF historic building is strategically located along the I-475 with a dedicated on/off ramp from I-475.

Property Highlights/Features as follows:

  • Total square footage is ±48,452 SF which is made up of 3 buildings with the Armory totaling ±37,212 SF and the built-out garage totaling ±9,240 SF and a separate third building is ±2,000 SF
  • Located Near the Mahindra Buick City Project
  • Armory originally built in 1924 and has newer windows, electrical, roof, and 2 commercial kitchens
  • Ideal logistics center, storage facility, R&D Center, or housing redevelopment
  • Cash flow in-place: ±19% leased (garage building) with a $30,000/yr NOI ($3.25 psf NNN)
  • Tenant has recently signed a three (3) year lease extension with rental increases
  • Armory consists of a large gym, multiple classrooms, commercial kitchen and lunch hall as well as stables, bowling alley, shooting ranges and hands-on training rooms
  • Ready facility for repairing trucks and rigs with over $1M invested by State of Michigan
  • ±3.36 Acres of fenced and military secure paved yard

Downloadable Documents

Property Information

Auction Information

User Access Form

Vault

Viewing Schedule

The dates below are currently set for public viewing:

Day Date Time Comments
Wednesday Nov. 13 09:00 am to 12:00 pm

Financing

There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.

If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: Pike Street Properties, LLC, MI license #6505404082

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

BID DEADLINE: Jul 16 5:00 pm EDT
Minimum Bid
US $295,000
Suggested Value: US $700,000
Required bid deposit: US $1,000
Show values in:
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Auction Ended
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Bob Waun Property Representative Pike Street Properties P: (248) 722-9286 E: bob@pspcre.com
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