5500 Enterprise CtWarren, MI 48092

Property Details for 5500 Enterprise Ct

Year built

1986

Lot size

3.96 AC

Property size (Sq ft)

52,695 SF

Zone code

MZ

Property type

Industrial properties

APN

12-13-17-229-016

APU

121317229016

Description

This exceptional investment opportunity presents a fully leased, 53,900 square foot industrial building situated on a 5.1-acre lot in Warren, Michigan. The property, located at 5500 Enterprise Ct, boasts a prime location within Macomb County's Defense Corridor, offering excellent access to major transportation routes and a skilled workforce. Constructed in 1989, the building features a desirable flex/R&D layout, ideal for a variety of uses. The high ceilings, measuring 18 feet, provide ample vertical space for operations and storage. Four loading docks ensure efficient loading and unloading of goods. The property is currently 100% leased to the United States of America, providing a stable and long-term income stream with a significant history of occupancy. This presents a rare chance to acquire a well-maintained, strategically located industrial asset with a strong tenant and a proven track record. The property's size, location, and existing lease make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The zip code is 48092. This is an investment sale.

• CAP approach

  CAP return

  Valuation

  6%

  $23,413,300

  6.5%

  $21,612,300

  7%

  $20,068,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,886,540

  Geo Method

  $7,886,540

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $11,270,800

  Mixed-Use / Specialty

  $11,378,800

  Hospitality / Lodging

  $8,541,280

  Office

  $11,465,600

  Institutional / Educational

  $11,882,400

  Residential Income

  $13,902,400

  Multifamily

  $15,852,000

  Automotive / Energy

  $10,184,900

  Parking / Income-Based Land

  $3,368,230

  Restaurant / Food Service

  $6,234,580

  Healthcare / Senior Housing

  $11,516,800

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.5029

Longitude

-83.0506

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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