Truck Terminal with
24650 Sherwood Avenue Center Line, MI 48015
24650 Sherwood Avenue, Center Line, MI, 48015
$1,600,000
For Sale
$1,600,000
COMMERCIAL - Center Line, MI
Property Size14,776 SF
Lot Size1.60 Acres
Price / SF$108.28
Days on Market667
Property Features for 24650 Sherwood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 01-13-28-202-006
- Size
- 14,776 SF
- Lot size
- 1.60 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1988
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Sep 23, 2024 Updated: Jun 3 at 5:40 pm Checked: Jul 21 at 5:06 am
MLS# 50156175
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale truck terminal property features a well-maintained building and available truck parking to support loading, staging, or overnight needs. The offering is sized at 14,776 square feet on a 1.6-acre lot, providing a compact, functional industrial configuration suited to trucking and related operations.
Located at 24650 Sherwood Avenue in Center Line, Michigan (Macomb County), the site is a stand-alone commercial asset with room for vehicles on the property. Its industrial-leaning land area helps accommodate operational logistics without relying on off-site vehicle storage.
For buyers seeking a purchase with practical on-site parking and an existing facility, this property offers a straightforward option within the truck terminal category. It may fit owner-operators or investors looking for an industrial building where fleet parking and operational flexibility are part of the business model. Please note that specific tenant status, lease terms, and interior buildout details are not provided in the available information.
Located at 24650 Sherwood Avenue in Center Line, Michigan (Macomb County), the site is a stand-alone commercial asset with room for vehicles on the property. Its industrial-leaning land area helps accommodate operational logistics without relying on off-site vehicle storage.
For buyers seeking a purchase with practical on-site parking and an existing facility, this property offers a straightforward option within the truck terminal category. It may fit owner-operators or investors looking for an industrial building where fleet parking and operational flexibility are part of the business model. Please note that specific tenant status, lease terms, and interior buildout details are not provided in the available information.
Key Highlights
- Truck parking available
- Forced air heating
- Parking lot on site
Local Financial Insights For Warehouse
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 | $120.6k | $8.16 |
| − Vacancy | −$6.8k | −$0.46 |
| EGI | $113.8k | $7.70 |
| − OpEx | −$17.1k | −$1.16 |
| NOI | $96.7k | $6.55 |
14,776 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,747 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$1.14M
$995.9K – $1.33M
NOI $79,674 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,641 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Truck terminals
Similar For Sale Nearby
FAQs
What type of property is this?
Truck terminal - Well-maintained truck terminal offered for sale with on-site parking and a dedicated industrial footprint.
Where is this truck terminal located?
The property is located at 24650 Sherwood Avenue Center Line, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Truck parking available; Forced air heating; Parking lot on site
