22752 Hoover RdWarren, MI 48089

Property Details for 22752 Hoover Rd

Year built

1968

Lot size

0.87 AC

Property size (Sq ft)

16,725 SF

Zone code

MZ

Property type

Flex space

APN

12-13-35-101-015

APU

121335101015

Description

This exceptional 16,724-square-foot warehouse, located at 22752 Hoover Road in Warren, Michigan, presents a compelling investment opportunity. Built in 1965 and extensively renovated in 2021, the property boasts a desirable location in Macomb County, offering convenient access to major highways. The warehouse features a substantial 24-foot clear ceiling height, providing ample vertical space for various industrial uses. The property includes two loading docks and fourteen dock-high doors, ensuring efficient loading and unloading operations. Parking is readily available with 25 spaces on-site. The 0.87-acre lot provides ample room for maneuvering and potential expansion. The property is zoned MZ-Industrial, and importantly, is eligible for marijuana grow and processing operations. Access is convenient, with ingress and egress points on both Hoover Road and Globe Avenue. The asking price is $1,050,000, translating to a price per square foot of $62.78. The APN is 12-13-35-101-015. This well-maintained and strategically located warehouse is ideal for a variety of industrial businesses seeking a functional and versatile space. The recent renovations ensure the property is in excellent condition and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $7,431,200

  6.5%

  $6,859,570

  7%

  $6,369,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,503,130

  Geo Method

  $2,503,130

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,577,260

  Mixed-Use / Specialty

  $3,611,560

  Hospitality / Lodging

  $2,710,940

  Office

  $3,639,100

  Institutional / Educational

  $3,771,380

  Residential Income

  $4,412,510

  Multifamily

  $5,031,290

  Automotive / Energy

  $3,232,610

  Parking / Income-Based Land

  $1,069,050

  Restaurant / Food Service

  $1,978,810

  Healthcare / Senior Housing

  $3,655,330

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4615

Longitude

-83.0043

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].