Industrial Building with Grade-Level
New
For Sale
$1,300,000
1104711085 11047 And 11085 E 9 Mile Rd, Warren, MI 48089
M-1 Light Industrial zoning and yard area provide outdoor storage potential.
Property Size20,660 SF
Price / SF$62.92
Days on Market3
Property Features for 1104711085 11047 And 11085 E 9 Mile Rd
General Information
Standard status
Active
Size
20,660 SF
Zoning
M-1
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
1950
Buildings
1
Building Size
20,660 SF
Listing Agency:
Keller Williams Paint Creek
Listed By:
Joseph Delia · License #6501372650
(248) 649-7200
Source:
Katie-k
Added: Oct 4
Last Checked: Oct 5 at 8:53PM
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
Investment Insights
Based on property information with market context.
The property comprises one connected industrial facility spanning two addresses and seven parcels, with a total of 20,660 square feet. Building 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. Yard space offers potential for outdoor storage.
The facility fronts the E 9 Mile Road corridor in Warren, with access to Groesbeck Road. It is located within the Metro Detroit industrial market and a Qualified Opportunity Zone.
The facility fronts the E 9 Mile Road corridor in Warren, with access to Groesbeck Road. It is located within the Metro Detroit industrial market and a Qualified Opportunity Zone.
Key Highlights
- 20,660‑square‑foot connected industrial building across two addresses and seven parcels
- 16‑foot clear height
- Grade‑level loading
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.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
564
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - M-1 Light Industrial zoning and yard area provide outdoor storage potential.
Where is this industrial property located?
The property is located at 1104711085 11047 And 11085 E 9 Mile Rd 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‑square‑foot connected industrial building across two addresses and seven parcels; 16‑foot clear height; Grade‑level loading
