Auction #307-2

Commercial Property For Sale in Flint, MI


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

** 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

This auction has concluded. The seller has reviewed the bids received.

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