24500 Dequindre RdWarren, MI 48091

Property Details for 24500 Dequindre Rd

Year built

1960

Lot size

1.10 AC

Property size (Sq ft)

5,334 SF

Zone code

M-2

Property type

Retail space

APN

12-13-30-101-015

APU

121330101015

Description

This exceptional industrial property portfolio in Warren, MI, comprises three parcels totaling 2.73 acres and 118,000 square feet. Strategically located amidst significant ongoing developments, including the Avancez manufacturing center and numerous manufacturing facilities, this site benefits from high visibility and substantial daily vehicular traffic. The property's prime location offers excellent access to major transportation routes and is surrounded by established businesses, including an automotive shop, U-Haul, and large storage centers. The site is fully enclosed, providing significant liability advantages for future development. One parcel features a 5,000-square-foot commercial building on a slab foundation. This versatile property is ideal for both short-term and long-term investors, presenting a compelling opportunity to capitalize on the area's growth. Zoned commercial, it's well-suited for a variety of businesses. The combined annual property taxes are under $15,000. Land contract terms are available. The property offers the flexibility to maintain the parcels separately or combine them into a single, larger address.

• CAP approach

  CAP return

  Valuation

  6%

  $1,630,809

  6.5%

  $1,505,362

  7%

  $1,397,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,257,335

  Geo Method

  $1,257,335

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,830

  Hospitality

  $1,163,157

  Educational

  $967,733

  Medical

  $1,001,015

  Retail

  $1,505,362

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4734

Longitude

-83.0838

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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