Auto Shop with Overhead
New
For Sale
$375,000
22850 Groesbeck Hwy, Warren, MI 48089
M-1-zoned facility configured for engine repair, with open work areas, office space, and a fenced outdoor yard.
Property Size4,000 SF
Days on Market2
Property Features for 22850 Groesbeck Hwy
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
M-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
2
Power
600 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Automotive Uses
auto repair
Real Estate Included
Yes
Property Use
Engine Repair Shop
Taxes and HOA fees
Annual Taxes
$4,596
Amenities
22-foot ceilings
3-ton overhead crane
oversized overhead doors
600-amp 240-volt three-phase electrical
bus bars
radiant heat
forced-air heating
dedicated office space
Building Details
Building Size
4,000 SF
Year Built
1967
Buildings
1
Listing Agency:
KW Metro
Listed By:
Danny Dedic · License #6501413713
(586) 855-6672
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:04PM
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 KW Metro
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Investment Insights
Based on property information with market context.
Configured for engine repair, this 1967 auto shop has open work areas, dedicated office space, and a fenced yard. The interior includes 22-foot ceilings, a 3-ton overhead crane, and two overhead doors measuring 12' x 12' and 12' x 10'. A 600-amp, 240-volt, three-phase electrical service and wall-mounted bus bars support industrial equipment. Heating is provided by radiant and forced-air systems, and the roof is approximately seven years old.
The property is zoned M-1 (Light Industrial) and is located on Groesbeck Highway in Warren, Michigan. Existing engine repair machinery and equipment are negotiable. The yard can accommodate outdoor storage, vehicle parking, or equipment staging.
The property is zoned M-1 (Light Industrial) and is located on Groesbeck Highway in Warren, Michigan. Existing engine repair machinery and equipment are negotiable. The yard can accommodate outdoor storage, vehicle parking, or equipment staging.
Key Highlights
- M‑1 (Light Industrial) zoning
- 22‑foot ceilings and a 3‑ton overhead crane
- Two overhead doors: 12' x 12' and 12' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,549
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,980
$411.0K
Cap Rate 7%
$293,557
$293.6K
Cap Rate 9%
$228,322
$228.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$30.7K $7.68/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$29.4K $7.34/SF
− OpEx
−$8.8K −$2.20/SF
NOI
$20.5K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,980
Cap Rate 7%
$293,557
Cap Rate 9%
$228,322
Alternative Uses
Best Use
Retail
$703.8K
$615.9K – $821.1K
NOI $49,268 @ 7.0% cap · market cap 13.14%
Second Best
Industrial
$293.6K
$256.9K – $342.5K
NOI $20,549 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Well-served
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
- D & B Cycle Parts & Accessories Inc — 21251 Groesbeck Hwy, Warren, MI 48089
- Detroit GearBox, LLC dba Bewick Transmission — 21279 groesbeck hwy, warren, mi 48089
- Irene Car Towings — 21300 Groesbeck Hwy Ste 600, Warren, MI 48089
- Omega Truck Repair, Inc. — 21042 Schoenherr Rd, Warren, MI 48089
- Bulldog Recovery & Towing — 21415 groesbeck hwy, warren, mi 48089
Frequently Asked Questions
What type of property is this?
Auto shop - M-1-zoned facility configured for engine repair, with open work areas, office space, and a fenced outdoor yard.
Where is this auto shop located?
The property is located at 22850 Groesbeck Hwy Warren, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: M‑1 (Light Industrial) zoning; 22‑foot ceilings and a 3‑ton overhead crane; Two overhead doors: 12' x 12' and 12' x 10'
