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    5966 Chicago Rd Warren, MI 48092

    For Sale
    $295,000

    Three-unit industrial building, great investment!

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional free-standing commercial building in Warren, Michigan, presents a compelling investment opportunity at an attractive price point of $295,000. The property boasts a total of 3,000 square feet, thoughtfully divided into three 1,000-square-foot units. Each unit is equipped with its own bathroom and individual furnace, offering flexibility and convenience for both owner-occupancy and leasing. Ample parking is available on both sides and in front of the building, ensuring convenient access for tenants and visitors. Currently, one unit is generating a stable income stream with a reliable tenant paying $1,000 per month. The remaining two units offer significant potential for additional rental income or can be easily combined to create a larger, more expansive space to suit a variety of business needs. Situated on a 0.23-acre lot, this property is ideally positioned to benefit from the ongoing revitalization efforts in Warren's downtown area. This is a rare chance to acquire a well-maintained, versatile industrial building in a growing market, offering both immediate income and long-term growth potential. The building's layout and features make it suitable for a wide range of businesses, making it an attractive investment for both seasoned investors and first-time buyers. Don't miss this opportunity to own a piece of Warren's vibrant future.

    Property Features for 5966 Chicago Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    3,000 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grimes Barber Shop Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.04655
    Latitude
    42.527

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    FAQs

    What type of property is this?
    Industrial property - Three-unit industrial building, great investment!
    Where is this industrial property located?
    The property is located at 5966 Chicago Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    (586) 276-9800
    Request Owner's contact information
    5966 Chicago Rd Warren, MI 48092
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    Warren, MI 48092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5966 Chicago Rd Warren, MI 48092
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