2144 11 Mile RdWarren, MI 48091

Property Details for 2144 11 Mile Rd

Year built

1985

Lot size

1.54 AC

Property size (Sq ft)

17,000 SF

Zone code

M-2

Property type

Office buildings

APN

12-13-19-101-014

APU

121319101014

Description

This exceptional Warren, MI industrial property offers a rare investment opportunity. Boasting 17,000 square feet across two buildings on a 3.96-acre lot, this flex space includes a 13,300 square foot office building with 12-16 foot ceilings and a 3,700 square foot workshop featuring 16-foot ceilings. The property features five bays with three 14x11 overhead doors and two 10x10 overhead doors. Ample parking accommodates up to 80 trucks. Located on 11 Mile Road with convenient access to I-696, the property benefits from a secure yard with ingress and egress on both 11 Mile Road and the I-696 service drive. Built in 1985, this M-2 zoned property presents a clean, well-maintained space ideal for various industrial uses. Asking price is $4,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,535,752

  6.5%

  $3,263,771

  7%

  $3,030,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,590,180

  Geo Method

  $1,590,180

• Alternative Use

  Use

  Valuation

  Residential

  $4,047,076

  Hospitality

  $3,707,100

  Educational

  $3,084,264

  Medical

  $3,190,336

  Retail

  $4,797,743

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4903

Longitude

-83.0824

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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