Industrial Flex Building with
For Sale
$441,000
13417 E 8 Mile Rd, Warren, MI 48089
Remodeled flex building with four overhead doors, 12-foot clear height, and an upstairs two-bedroom apartment.
Property Size4,960 SF
Price / SF$88.91
Days on Market168
Property Features for 13417 E 8 Mile Rd
General Information
Standard status
Active
Size
4,960 SF
Total Parking Spaces
20
Property subtype
Retail
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
4
Heavy Power
Yes
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Building Size
4,960 SF
Year Built
1965
Year Renovated
2019
Listing Agency:
P.A. Commercial
Listed By:
Kevin Bull
(258) 358-5361
Source:
Commercialcafe
Added: May 7
Changed: Oct 16
Last Checked: Oct 20 at 5:48PM
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
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Investment Insights
Based on property information with market context.
This remodeled industrial flex building includes a large warehouse area with four overhead doors, multiple restrooms, LED lighting throughout, floor drains, and 220V/three-phase power. The clear height is listed at 10–12 feet, supporting a range of light industrial and service-style uses. An upstairs two-bedroom apartment is also included, with a full kitchen and washer-dryer connections.
The property sits on Eight Mile Rd in Warren, MI with great visibility supported by a reported 40,000 passing cars per day. The parking lot provides space for approximately 20 vehicles.
Additional equipment includes a car hoist, air compressor, and hi-lo, which are described as negotiable. The seller notes the property can be combined with a similarly sized building next door, and a land contract is considered. The layout is also described as easy multi-tenant.
The property sits on Eight Mile Rd in Warren, MI with great visibility supported by a reported 40,000 passing cars per day. The parking lot provides space for approximately 20 vehicles.
Additional equipment includes a car hoist, air compressor, and hi-lo, which are described as negotiable. The seller notes the property can be combined with a similarly sized building next door, and a land contract is considered. The layout is also described as easy multi-tenant.
Key Highlights
- 4,960 SF remodeled industrial/flex building with large warehouse space and LED lighting throughout
- Warehouse features 4 overhead doors and 12' clear height, plus floor drains and 220V/3‑phase power
- Upstairs includes a two‑bedroom apartment with a full kitchen and washer‑dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,941
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
$618.8K
Cap Rate 7%
$442,014
$442.0K
Cap Rate 9%
$343,789
$343.8K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$38.1K $7.68/SF
− Vacancy
−$1.7K −$0.34/SF
EGI
$36.4K $7.34/SF
− OpEx
−$5.5K −$1.10/SF
NOI
$30.9K $6.24/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
Cap Rate 7%
$442,014
Cap Rate 9%
$343,789
Alternative Uses
Best Use
Flex RnD
$727.3K
$636.4K – $848.6K
NOI $50,913 @ 7.0% cap · market cap 11.54%
Second Best
Warehouse
$442.0K
$386.8K – $515.7K
NOI $30,941 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.09M
$957.4K – $1.28M
NOI $76,594 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
4
Drive-in doors
40,000 VPD
Traffic count
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Mercurio Food Specialties — 24920 Gibson Dr, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex building with four overhead doors, 12-foot clear height, and an upstairs two-bedroom apartment.
Where is this flex space located?
The property is located at 13417 E 8 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $441,000.
What are key features of this property?
This property features: 4,960 SF remodeled industrial/flex building with large warehouse space and LED lighting throughout; Warehouse features 4 overhead doors and 12' clear height, plus floor drains and 220V/3‑phase power; Upstairs includes a two‑bedroom apartment with a full kitchen and washer‑dryer connections
