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Updated about 11 years ago on . Most recent reply

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18
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James Smith Moore
  • Houston, TX
2
Votes |
18
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Gutted Beatdown Warehouse

James Smith Moore
  • Houston, TX
Posted

Hey Bigger Pockets,

So I'm looking at an opportunity in Michigan. The building is a 6000 sq ft warehouse that is gutted from head to toe no electricity, plumbing, heating/cooling etc. It's a well structured building with a good foundation that has about 8 (800 sqft) rooms, 2 bathrooms and tons of storage between two levels

The entire building is only $800/mth. I've heard of investors changing the use of a building to increase it's value or to monetize. Any ideas of what I could do here with the condition of the warehouse. I was thinking either storage, photography or painters studio. I just feel there is some money to be made here with a 6000 sq ft warehouse that is $800/mth in a GREAT location Downtown near college campus

Any ideas, thoughts or concerns would be greatly appreciated.

Thank you for your time

J

Most Popular Reply

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4,081
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1,596
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George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,081
Posts
George P.
  • Property Manager
  • Livonia, MI
Replied

then it's not for you. period. do you have any experience?

you can't buy a building with 4 walls and a roof and expect that people will hand you money just to lease it and get rich in the process.

there are so many questions that have not been answered and yuo need to get those answers. potential rent, taxes, repairs, zoning, etc, etc... and you dont seem to know much about it.

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