Industrial Building with Fenced
15642 Common Rd, Roseville, MI 48066
Call to check price and availability
Well-maintained industrial building on 0.95-acre lot, ideal for manufacturing.
Type:Industrial
Property size:
15,675 SFLot size:
0.95 AcresPrice / SF:
$74/SF- Added:
- Mar 29, 2025
- Days on Market:
- 414
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 15642 Common Rd
General Information
- Standard status
- Active
- Size
- 15,675 SF
- Lot size
- 0.95 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1963
Listing agent John E. DeWald License #MI 6504136199
Listing office P.A. Commercial Corporate & Investment Real Estate (248) 358-1000
Listing date Mar 29, 2025
Source Crexi
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
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.
- Includes a 1,050 SF office area with four private, air‑conditioned offices at the front of the building, plus an additional office within the shop area.
- Well‑maintained building constructed in 1963 by the current owner/operator.
- Five dedicated parking spaces in front for ownership or administrative staff.
Overview
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.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$939.1K
NOI $84,522 @ 9.00% cap · cautious / downside scenario
Moderate
$1.21M
NOI $84,522 @ 7.00% cap · market / base-case scenario
Aggressive
$1.69M
NOI $84,522 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.9k | $8.16 |
| − Vacancy | −$7.2k | −$0.46 |
| EGI | $120.7k | $7.70 |
| − OpEx | −$36.2k | −$2.31 |
| NOI | $84.5k | $5.39 |
15,675 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,522 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.93M
$2.57M – $3.42M
NOI $205,423 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grippe Machining/Manufacturing
Industrial Manufacturer
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Macomb
- State
- Michigan
- Longitude
- -82.962378
- Latitude
- 42.515811
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FAQs
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 $1,175,000.
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.
