Industrial Building with Grade-Level
For Sale
$1,300,000
11047 And 11085 E 9 Mile, Warren, MI 48089
Connected buildings offer reported heavy power and access along the E 9 Mile Road corridor.
Property Size20,660 SF
Price / SF$62.92
Days on Market63
Property Features for 11047 And 11085 E 9 Mile
General Information
Standard status
Active
Size
20,660 SF
Property subtype
Commercial/Industrial
Zoning
Industrial
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
20,660 SF
Listing Agency:
Keller Williams Paint Creek
(248) 609-8000
Listed By:
Joseph Delia · License #6501372650
(248) 244-0705
Source:
Jabachler
Added: Aug 31
Changed: Oct 27
Last Checked: Oct 31 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Paint Creek
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The connected industrial building spans two addresses and totals 20,660 square feet across seven parcels. Features include 16-foot clear height, grade-level loading, and reported heavy power. The roof was replaced approximately three years ago, and the property is zoned M-1 Light Industrial.
Located on the E 9 Mile Road corridor, the property has access to Groesbeck. It is within a Qualified Opportunity Zone.
Located on the E 9 Mile Road corridor, the property has access to Groesbeck. It is within a Qualified Opportunity Zone.
Key Highlights
- 20,660 SF across seven parcels and two addresses
- 16‑foot clear height with grade‑level loading
- Reported heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,137
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,122,740
$2.1M
Cap Rate 7%
$1,516,243
$1.5M
Cap Rate 9%
$1,179,300
$1.2M
Market Conditions
NOI Build-Up for 20,660 SF
Gross rent
$158.7K $7.68/SF
− Vacancy
−$7.0K −$0.34/SF
EGI
$151.6K $7.34/SF
− OpEx
−$45.5K −$2.20/SF
NOI
$106.1K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,122,740
Cap Rate 7%
$1,516,243
Cap Rate 9%
$1,179,300
Alternative Uses
Best Use
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,137 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,037 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Connected buildings offer reported heavy power and access along the E 9 Mile Road corridor.
Where is this industrial property located?
The property is located at 11047 And 11085 E 9 Mile Warren, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 20,660 SF across seven parcels and two addresses; 16‑foot clear height with grade‑level loading; Reported heavy power
