Manufacturing Facility with Bridge
For Sale
$3,750,000
11825 29 Mile Rd, Washington, MI 48095
Climate-controlled manufacturing facility with substantial office content, heavy electrical capacity, and access from two major roadways.
Property Size16,920 SF
Price / SF$221.63
Days on Market118
Property Features for 11825 29 Mile Rd
General Information
Standard status
Active
Size
16,920 SF
Property subtype
Industrial
Zoning
IND
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Office Build-Out
6,572 SF
Power
4,000 amps
Conditioned Warehouse
Yes
Building Details
Building Size
16,920 SF
Year Built
1998
Buildings
1
Listing Agency:
Lee & Associates of Michigan
Listed By:
Giancarlo Pinterpe
(248) 561-5748
Source:
Cpix.resimplifi
Added: Jun 24
Changed: Oct 3
Last Checked: Oct 19 at 3:15AM
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 Lee & Associates of Michigan
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Investment Insights
Based on property information with market context.
This 16,920 SF manufacturing facility includes 6,572 SF of two-story office space and a warehouse component designed for industrial operations. The building is fully climate-controlled with 100% HVAC coverage, a 4,000-amp primary electrical service, and one 12' x 14' overhead door. Two bridge cranes are installed, including 20-ton and 5-ton capacities; the 5-ton crane can be upgraded to 10 tons. The property was built in 1998 and is zoned IND.
Located at 11825 29 Mile Rd in Washington, Michigan, the property extends across multiple parcels with access along 29 Mile Road and M-53 Highway. A recently completed roadway provides an additional connection to 29 Mile Road. The site also offers room to expand the existing facility, subject to applicable approvals.
Located at 11825 29 Mile Rd in Washington, Michigan, the property extends across multiple parcels with access along 29 Mile Road and M-53 Highway. A recently completed roadway provides an additional connection to 29 Mile Road. The site also offers room to expand the existing facility, subject to applicable approvals.
Key Highlights
- 16,920 SF manufacturing facility with 6,572 SF of 2‑story office space
- Two bridge cranes: 20‑ton and 5‑ton; the 5‑ton crane can be upgraded to a 10‑ton capacity
- 4,000‑amp primary electrical service supports industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,785
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,700
$2.2M
Cap Rate 7%
$1,582,643
$1.6M
Cap Rate 9%
$1,230,944
$1.2M
Market Conditions
NOI Build-Up for 16,920 SF
Gross rent
$138.1K $8.16/SF
− Vacancy
−$7.7K −$0.46/SF
EGI
$130.3K $7.70/SF
− OpEx
−$19.6K −$1.16/SF
NOI
$110.8K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,700
Cap Rate 7%
$1,582,643
Cap Rate 9%
$1,230,944
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.85M
NOI $110,785 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,235 @ 7.0% cap · market cap 2.43%
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,739 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
Demographics for 48095, MI
5,585
Population
2,086
Households
2.7
Avg Household Size
45
Median Age
36%
College-Educated
97%
High-School Grad
17.0 sq mi
ZIP Area
329
Density / Sq Mi
$121,713
Median Household Income
$52,726
Median Earnings
$796
Median Rent
$393,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Climate-controlled manufacturing facility with substantial office content, heavy electrical capacity, and access from two major roadways.
Where is this manufacturing property located?
The property is located at 11825 29 Mile Rd Washington, MI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 16,920 SF manufacturing facility with 6,572 SF of 2‑story office space; Two bridge cranes: 20‑ton and 5‑ton; the 5‑ton crane can be upgraded to a 10‑ton capacity; 4,000‑amp primary electrical service supports industrial operations
