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Bank Property with Road Frontage
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28455 Schoenherr Rd, Warren, MI 48088

Established bank site with strong vehicle exposure and a scheduled lease transition.

Property SizeContact for details
Days on Market144

Property Features for 28455 Schoenherr Rd

General Information

Standard status Active
Property subtype Retail

Additional Details

Traffic Count 24,000 vehicles/day
Listing Agency: Marcus & Millichap
Listed By: Reid Thedford · License #FL SL3442474
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 10:14AM

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 Marcus & Millichap

Investment Insights

Based on property information with market context.

Citizens Bank occupies the property at 28455 Schoenherr Rd in Warren, Michigan. The tenant has provided notice that it will leave when the current base term concludes on July 31, 2022, creating a defined transition point for the site. The property can generate cash flow through the end of that term.

The location offers frontage and exposure to more than 24,000 vehicles per day. Surrounding population totals 121,941 within 3 miles and 341,376 within 5 miles, providing a substantial customer and employee base. The site is presented for continued bank use, re-tenanting, or redevelopment.

Key Highlights

  • Bank property at 28455 Schoenherr Rd, Warren, MI 48088
  • More than 24,000 vehicles per day
  • Current base term ends July 31, 2022

Property Analytics

Current Use

Citizens Bank ATM Atm BOJA Chimney Fix ... General Contractor Biggby Coffee Drive-Thru Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 79% Dining 21%
7-Eleven Shops & Services
13,721 visits/mo 0.2 miles
Marathon Shops & Services
8,104 visits/mo 0.2 miles
BP Shops & Services
6,189 visits/mo 0.2 miles
Family Dollar Shops & Services
5,705 visits/mo 0.2 miles
BIGGBY COFFEE Dining
5,551 visits/mo 0.2 miles

Demographics for 48088, MI

23,142
Population
9,633
Households
2.4
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
5,260
Density / Sq Mi
$79,137
Median Household Income
$48,452
Median Earnings
$1,144
Median Rent
$205,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Established bank site with strong vehicle exposure and a scheduled lease transition.
Where is this bank located?
The property is located at 28455 Schoenherr Rd Warren, MI.
What are key features of this property?
This property features: Bank property at 28455 Schoenherr Rd, Warren, MI 48088; More than 24,000 vehicles per day; Current base term ends July 31, 2022
(813) 387-4726 Call to check price and availability
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