Industrial Building with Fenced
For Sale
Contact for pricing
15642 Common Rd, Roseville, MI 48066
Well-maintained industrial building on 0.95-acre lot, ideal for manufacturing.
Property Size15,675 SF
Lot Size0.95 Acres
Price / SF$70.18
Days on Market557
Property Features for 15642 Common Rd
General Information
Standard status
Active
Size
15,675 SF
Class
B
Total Parking Spaces
25
Lot size
0.95 Acres
Property subtype
Industrial
Zoning
I-2
Investment Type
Owner/User
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
Listed By:
John E. DeWald · License #MI 6504136199
(248) 358-1000
Source:
Crexi
Added: Mar 29, 2025
Changed: Sep 23
Last Checked: Oct 5 at 6:55PM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This meticulously maintained industrial building, constructed in 1963, is suited for manufacturing or light industrial use. The property is situated on a fully fenced 0.95-acre lot and includes ample on-site parking. The facility features a 14,625 SF shop area with an additional 486 SF mezzanine. The shop area has 14' clear ceilings, fluorescent lighting, 800 amp / 240-volt power with buss duct, an air compressor, two 12' x 12' grade-level doors, a front-facing truckwell, and GFA heat. The 1,050 SF office area includes four private offices at the front of the building, plus an additional office within the shop area. All office spaces are air-conditioned. The property also includes five dedicated parking spaces in front for ownership or administrative staff, allowing for convenient and direct access.
Key Highlights
- Ideal for manufacturing or light industrial use with 14,625 SF shop area and 486 SF mezzanine.
- Ample on‑site parking on a fully fenced 0.95‑acre lot.
- Features include 14' clear ceilings, fluorescent lighting, 800 amp / 240‑volt power, with buss duct, air compressor, two 12' x 12' grade‑level doors, and a front‑facing truckwell.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,522
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,440
$1.7M
Cap Rate 7%
$1,207,457
$1.2M
Cap Rate 9%
$939,133
$939.1K
Market Conditions
NOI Build-Up for 15,675 SF
Gross rent
$127.9K $8.16/SF
− Vacancy
−$7.2K −$0.46/SF
EGI
$120.7K $7.70/SF
− OpEx
−$36.2K −$2.31/SF
NOI
$84.5K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,440
Cap Rate 7%
$1,207,457
Cap Rate 9%
$939,133
Alternative Uses
Best Use
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,522 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.93M
$2.57M – $3.42M
NOI $205,423 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Well-maintained industrial building on 0.95-acre lot, ideal for manufacturing.
Where is this manufacturing property located?
The property is located at 15642 Common Rd Roseville, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ideal for manufacturing or light industrial use with **14,625 SF shop area and 486 SF mezzanine.**; Ample on‑site parking on a fully fenced 0.95‑acre lot.; Features include **14' clear ceilings, fluorescent lighting, 800 amp / 240‑volt power**, with buss duct, air compressor, two 12' x 12' grade‑level doors, and a front‑facing truckwell.
