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    Industrial Property with Outdoor Storage Title is generated by Realmo AI

    22214 Schmeman Avenue, Warren, MI 48089

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    Claim this Listing
    For Sale
    $600,000

    Industrial building featuring fenced outdoor storage and drive-through capability.

    Type:Commercial/Industrial
    Property size:
    6,648 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $90/SF
    Added:
    Mar 12, 2026
    Days on Market:
    117
    Last Refresh:
    Apr 5 at 11:17 pm

    Property Features for 22214 Schmeman Avenue

    General Information

    Standard status
    Active
    Size
    6,648 SF
    Lot size
    0.37 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1957

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    Alexander Termini

    Listing office Pilot Property Group - Residential LLC

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Pilot Property Group - Residential LLC

    HighLights

    • Close access to I‑96 Expressway
    • Heavy Power
    • Benefit from 2 Cranes
    • 14‑18' Ceiling Height
    • (2) 12ft Grade Level Doors
    • M‑1 Zoning

    Overview

    This industrial property offers 6,648 square feet of space and includes fenced outdoor storage. The building features drive-through capability and is zoned M-1. Inside, ceiling heights range from 14 to 18 feet. It is equipped with two 12-foot grade-level doors, two cranes, heavy power, and radiant tube heat. The property provides close access to the I-96 Expressway.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $51.1k $7.68
    − Vacancy −$2.3k −$0.34
    EGI $48.8k $7.34
    − OpEx −$14.6k −$2.20
    NOI $34.2k $5.14
    6,648 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $487.9K
    $426.9K – $569.2K (±1% cap)
    NOI $34,153 @ 7.0% cap · market cap 5.69%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.47M
    $1.28M – $1.71M (±1% cap)
    NOI $102,660 @ 7.0% cap · market cap 17.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Hair Salon Gym & Fitness Center Skin Care Clinic Accounting Firm Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9927
    Latitude
    42.4595

    FAQs

    What type of property is this?
    Industrial property - Industrial building featuring fenced outdoor storage and drive-through capability.
    Where is this industrial property located?
    The property is located at 22214 Schmeman Avenue Warren, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Close access to I‑96 Expressway; Heavy Power; Benefit from **2 Cranes**
    More about this property
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