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    31100 Hoover Rd Warren, MI 48093

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    For Sale
    $490,000

    Commercial property with three units in high-traffic business district.

    Lot size:
    0.25 Acres

    Property Features for 31100 Hoover Rd

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1963

    Source: American Realtors Agent Syed Moin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property Investment Opportunity

    This commercial property presents an investment opportunity. It is located near a high-traffic business district with restaurants, grocery stores, a pharmacy, dry cleaners, and other commercial businesses. The building includes three units: a barbershop that is currently operating, a vacant unit available for lease, and a unit occupied by a multi-service business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jennies Pierogies Food Producer The Rich Beauty Aesthetics ... Eyelash Salon Johnny Be Good ... Barber Shop Be More Beauty ... Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.006942
    Latitude
    42.522216

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    FAQs

    What type of property is this?
    Retail space - Commercial property with three units in high-traffic business district.
    Where is this retail space located?
    The property is located at 31100 Hoover Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Strategic location near a high-traffic business district with restaurants, grocery stores, pharmacy, and dry cleaners.; - Three-unit building provides diverse income streams.; - One unit is currently operating as a barbershop, providing immediate income.
    (586) 765-6197
    Request Owner's contact information
    31100 Hoover Rd Warren, MI 48093
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    Warren, MI 48093
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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
    31100 Hoover Rd Warren, MI 48093
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