Catylist ID:
#30843081
| Catylist Listing ID: | 30843081 |
| Property Subtypes: | Cash Crop, Nursery, Orchard, Other |
| Gross Land Area: | 280.34 Acres |
| Sale Price: | $3,500,000 |
| Unit Price: | $81.18 PSF |
| Smallest Parcel Available: | 280 Acres |
| Land Splits Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/28/2023 |
Overview / Comments
|
Glei's Orchard and Greenhouses in Hillsdale, Michigan, established in 1918. The property is comprised of eight (8) parcels of agricultural land divided into 4 main tracts totaling 280.34 acres: - 79 acres are improved with apple orchards with several popular varieties of apple trees. - Other acreage is comprised of 135 acres vacant tillable land with 43 acres of woods; 19 acres of buildings, parking, operations; and the balance is right of ways and non farmed land. The main farm is trickle irrigated, fenced w/ 10' high deer fence and improved with modern apple packing plant, controlled atmosphere storage, shop and storage buildings, and multi family labor housing. There is about 7 acres of planted evergreen trees to be sold as Christmas trees. Additionally there is a large complex of buildings comprised of retail, refrigerated storage, dry storage, and greenhouses that are used to grow & market fruit and plants locally. Most of the land is undulating to rolling with some land being elevated which can be favorable for crops susceptible to freezing. The other orchard property located nearby is on Brown Road that totals 69 acres and is fenced and irrigated as well. The sale includes all of the equipment and improvements. The greenhouse operation is closed down, the apples have been maintained and had a bumper crop of approximately 80,000 bushels last season with an estimated 50,000 bushels for this season. Equipment and improvements include all the irrigation system, the packaging and processing, retail store operation, cider processing & bottling, field and farming implements, tractors, sprayers, trucks, trailers, vans, utility vehicles, shop tools, etc. Current management is in the process of contracting with H2A for 15 laborers to assist in harvest and maintenance of the orchards for the upcoming season. Management can assist with the transition for new owners. Buildings were all built in 2008 and are very well maintained consisting of: -Retail complex includes 6,868 sf retail space, 7,036 sf refrigerator storage, 3,168 sf dry storage with 66,682 sf greenhouse space adjacent and large asphalt parking lot for customers; -Packing Plant has 8,260 sf complete w/ equipment for sorting, grading and packing as well as shipping area and loading docks; -Cold Storage is 5,720 sf, with 20' ceiling heights and insulated with refrigeration system for controlled atmosphere & long term storage; -Shop/Equipment Building, 4,200 sf- includes tools and machine storage area; -Spray Shed, 576 sf; -Multi family house to accommodate up to 21 employees; -Machine Shed, 3,528 sf for implement and tractor storage; -2nd Machine Shed, 1,824 sf on Brown Rd orchard farm. Contact agent for more information and private tour. |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $12,476 (Annual) |
| Assessed Value - Total($) | $1,038,400 (Annual) |
Additional Details
| Nearest MSA: | Hillsdale |
| County: | Hillsdale |
| Taxing Authority: | Adams and Fayette Township |
| Tax ID/APN: | Various |
| Zoning: | AG (AGRICULTURE) |
| Property Located Between: | Between Mauck and Gay Rds. |
| Property Visibility: | Excellent |
| Highway Access: | US-12, M-99 Approximately 15 miles west of US-127 |
| Airports: | Toledo, DTW, Fort Wayne |
| Site Description: | 280 acres with orchards, tillable land, woods, retail building, greenhouses, outbuildings. |
| Area Description: | Property is located in both Fayette Township and Adams Township just outside of Hillsdale and Jonesville. National Register Historic District, Victorian-era, Downtown Hillsdale is the center of government and commerce for Hillsdale County. A wide variety of unique, locally owned retail stores and restaurants add to Downtown's quaint, small town atmosphere. Complimentary Wi-Fi service, available throughout Downtown and free parking curbside and in all municipal lots, enhances your visiting experience. Spend some time enjoying one of the numerous annual Downtown events like the Downtown Cruise-In, Sidewalk Sales, Mrs. Stock's Park Concerts, Harvest Fest and Progressive Party, and the Downtown Christmas Scavenger Hunt along with the Light up Parade. Come see what fresh and green really mean at the Hillsdale County Farmer's Market on the historic Courthouse Square, open seasonally each Saturday morning from mid-May through October. Bordered by neighborhoods with statuesque old homes, Mrs. Stock's Park and traversed by the Baw Beese Trail (a walking and biking path) Downtown Hillsdale is also just moments away from the Hillsdale Community Library, the Hillsdale County Fairgrounds home of "The Most Popular Fair on Earth" and all-sports Baw Beese Lake and Sandy Beach recreation area. Hillsdale College, a renowned independent, liberal arts college which provides numerous arts and cultural opportunities for the community. For more information, please visit: https://www.cityofhillsdale.org/ |
| Total Number of Buildings: | 11 |
| Property Condition: | Good |
| Zoning Description: | The purpose of the AG district, according to Sec. 4.01 of the zoning ordinance, “is to preserve farmland and the rural, agricultural character of the community. While the district strives to preserve larger tracts of land, it also allows for some opportunities for land development. Where land is developed in [the]district, the clustering of parcels in one location, controlled access, and the preservation of open space is encouraged.” |
| Topography: | Undulating |
| Soil Type: | Mixed |
| Water Service: | Well |
| Sewer Type: | Septic |
| Available Utilities: | Electric |
| Legal Description: | Lengthy, of record |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,297 | 9,779 | 17,158 |
| Median Age: | 32.93 | 31.69 | 36.52 |
| Households: | 469 | 3,474 | 6,410 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
