11530 Stephens RdWarren, MI 48089

Property Details for 11530 Stephens Rd

Year built

1957

Property size (Sq ft)

79,008 SF

Property type

Flex space

APN

12-98-72-011-169

APU

129872011169

Description

This multi-tenant industrial property offers 4,200 square feet of flexible space, divisible into units as small as 1,000 square feet. The property consists of three buildings on a 5.5-acre lot, featuring 18-foot ceilings, one loading dock, and ten drive-ins. Ample 480v power is available. The property is zoned M-2 Industrial - Approved Green Zone, allowing for various cannabis-related uses, including cultivation (Class A, B, and C for both medical and recreational), processing, transport, and lab operations. Caregiver suites are also permitted. The city of Warren has opted into both the MRTMA and MMFLA, with no cap on any class of growers, processors, transporters, or labs. Strategically located between I-696 and Highway 102, this property provides convenient access to the Van Dyke Avenue commercial corridor and is within a 30-minute drive of Detroit. The area offers numerous dining, recreational, and entertainment options. The entire 4,200 square feet is currently vacant and available for immediate occupancy. The property features a two-story building configuration.

• CAP approach

  CAP return

  Valuation

  6%

  $35,104,600

  6.5%

  $32,404,200

  7%

  $30,089,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,824,700

  Geo Method

  $11,824,700

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,898,800

  Mixed-Use / Specialty

  $17,060,800

  Hospitality / Lodging

  $12,806,300

  Office

  $17,190,900

  Institutional / Educational

  $17,815,800

  Residential Income

  $20,844,500

  Multifamily

  $23,767,600

  Automotive / Energy

  $15,270,700

  Parking / Income-Based Land

  $5,050,130

  Restaurant / Food Service

  $9,347,790

  Healthcare / Senior Housing

  $17,267,600

Location Insight

City

Warren

County

Macomb

State

Michigan

Latitude

42.4697

Longitude

-83.0079

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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