Commercial Property For Sale in Flint, MI
Online Auction for ±48,452 SF former Armory in Flint, MI
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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