For Sale
$2,400,000

15555 Mile Rd Roseville, MI 48066

24,950 SF Flex Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 24,950-square-foot flex/warehouse property located at 15555-15651 12 Mile Road, Roseville, MI 48066. The single-story building, constructed in 1978, sits on a 1.38-acre lot and boasts a 12' to 18' clear ceiling height, ideal for various industrial uses. Currently 100% occupied by two tenants, generating a net operating income (NOI) of $119,255, this property offers a compelling 4.90% cap rate at an asking price of $2,400,000 ($96.19/SF). The property features six overhead doors and ample parking with 60 spaces. Its prime location offers high visibility, adjacent to a McDonald's, and benefits from easy access to I-696 and Groesbeck Highway. Zoned for light industrial use, this owner-user opportunity presents significant upside potential. The property is a single-ownership building with multi-tenancy.

Highlights

  • 24,950 square feet available for sale.
  • 12-18 foot clear ceiling height.
  • High-visibility location.

Property Details for 15555 Mile Rd

Property type
Warehouses, Industrial properties
Square Feet
24,950 SF
Year Built
1978
Buildings
1
Stories
1
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Roseville
County
Macomb
State
Michigan
Latitude
42.5092221
Longitude
-82.962893

FAQs

What type of property is this?
Warehouse - 24,950 SF Flex Warehouse, 100% Occupied
Where is the warehouse located?
The property is located at 15555 Mile Rd Roseville, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 24,950 square feet available for sale.; 12-18 foot clear ceiling height.; High-visibility location.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15555 Mile Rd
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