Heavy-Power
For Sale
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15765 Sturgeon St, Roseville, MI 48066
Industrial warehouse with office space, multiple grade-level doors, exterior docks, and a fenced rear storage area.
Property Size51,304 SF
Price / SF$48.73
Days on Market491
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Property Features for 15765 Sturgeon St
General Information
Standard status
Active
Size
51,304 SF
Total Parking Spaces
47
Property subtype
Industrial
Zoning
I-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
28 ft
Warehouse Space
46,504 SF
Office Build-Out
4,800 SF
Dock-High Doors
2
Drive-In Doors
2
Heavy Power
Yes
Building Details
Year Built
1967
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Peter J Kepic · License #MI
(248) 226-1842
Source:
Crexi
Added: Jun 12, 2025
Changed: Oct 12
Last Checked: Oct 14 at 9:21PM
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This 51,304 SF industrial warehouse includes 46,504 SF of warehouse area and 4,800 SF of office space. Clear heights range from 19 to 28 feet, with typical bays approximately 40 feet wide and one larger area measuring 60 feet by 200 feet. The building is equipped with heavy power, one 10-foot by 10-foot grade-level door, one 14-foot by 16-foot grade-level door, and two 8-foot by 10-foot exterior docks.
The property is located at 15765 Sturgeon St in Roseville, Michigan, and carries I-2 zoning. A fenced rear lot provides outside storage space, while recent roof upgrades contribute to the building’s physical improvements.
The property is located at 15765 Sturgeon St in Roseville, Michigan, and carries I-2 zoning. A fenced rear lot provides outside storage space, while recent roof upgrades contribute to the building’s physical improvements.
Key Highlights
- 51,304 SF total, including 46,504 SF of warehouse and 4,800 SF of office
- 19' - 28' clear ceiling height
- One 14' x 16' and one 10' x 10' grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,614
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,532,280
$3.5M
Cap Rate 7%
$2,523,057
$2.5M
Cap Rate 9%
$1,962,378
$2.0M
Market Conditions
NOI Build-Up for 51,304 SF
Gross rent
$307.8K $6.00/SF
− Vacancy
−$72.3K −$1.41/SF
EGI
$235.5K $4.59/SF
− OpEx
−$58.9K −$1.15/SF
NOI
$176.6K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,532,280
Cap Rate 7%
$2,523,057
Cap Rate 9%
$1,962,378
Alternative Uses
Best Use
Flex RnD
$8.32M
$7.28M – $9.71M
NOI $582,699 @ 7.0% cap · market cap 23.31%
Second Best
Warehouse
$4.80M
$4.20M – $5.60M
NOI $335,917 @ 7.0% cap · market cap 13.44%
Theoretical Best
Specialty Retail
$9.60M
$8.40M – $11.21M
NOI $672,345 @ 7.0% cap · market cap 26.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
28 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- iStorage — 15390 Twelve Mile Rd, Roseville, MI 48066
- D & D Machinery Movers Inc — 29469 Groesbeck Hwy, Roseville, MI 48066
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with office space, multiple grade-level doors, exterior docks, and a fenced rear storage area.
Where is this warehouse located?
The property is located at 15765 Sturgeon St Roseville, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 51,304 SF total, including 46,504 SF of warehouse and 4,800 SF of office; 19' - 28' clear ceiling height; One 14' x 16' and one 10' x 10' grade‑level door
