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Online Auction for ±48,452 SF former Armory in Flint, MI
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Auction #
307-2 -
Lot Size:
±3.36 acres -
Transaction Fee:
5%
Online Auction for ±48,452 SF former Armory in Flint, MI
Commercial Property For Sale in Flint, MI
1101 Chavez Dr, Flint, MI 48503The 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 Sign In to Access
Viewing Schedule
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementThe dates below are currently set for public viewing:
| Day | Date | Time | Comments |
|---|---|---|---|
| Thursday | Nov. 14 | 01:00 pm to 04:00 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 # 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.
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
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Genesee County
Flint, MI -
Property Type: Commercial Property
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Lot Size: ±3.36 acres
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Transaction Fee: 5%
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
Viewing Schedule
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementThe dates below are currently set for public viewing:
| Day | Date | Time | Comments |
|---|---|---|---|
| Thursday | Nov. 14 | 01:00 pm to 04:00 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 # 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.