18321 Mike C Court Fraser, MI 48026
COMMERCIAL - Fraser, MI
- Added:
- Jun 18, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 18321 Mike C Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 03-11-32-276-009
- Size
- 16,000 SF
- Lot size
- 1.00 Acre
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1983
- Roof type
- Flat
Listing agent Anthony Rubino License #6502425251 (586) 873-5419
Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI (586) 254-0900
Listing date Jun 18, 2026
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is located in the Fraser Industrial Park, positioned west of Groesbeck and south of 15 Mile. The park’s internal roadways are slated for replacement later this year, and Mike C is noted as newly replaced.
For tenants and buyers, the layout supports separate operational needs within the same building while maintaining street-level loading for practical receiving and distribution. The availability of either vacant delivery or continued month-to-month occupancy provides flexibility depending on whether an operator is looking to move in immediately or prefers to plan around existing tenancy. The offered lease-back option may also suit users seeking near-term occupancy while keeping a portion of the space operational.
Key Highlights
- Industrial building in Fraser Industrial Park, west of Groesbeck and south of 15 Mile
- Two 8,000 SF units (total 16,000 SF) with street‑facing loading
- Back unit includes drive‑through capability
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.6k | $8.16 |
| − Vacancy | −$7.3k | −$0.46 |
| EGI | $123.2k | $7.70 |
| − OpEx | −$18.5k | −$1.16 |
| NOI | $104.8k | $6.55 |
Alternative Uses
Property Analytics
Current Use by Public Records
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