Building Details

Year built 1997

Listing Agency: Pilot Property Group - Residential LLC b***@pilotpg.com Show Phone

Listed By: Anthony Rubino · License #6502425251 Show Phone

Added: Aug 20 Changed: Oct 6 Last Checked: Oct 6 at 4:06PM

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MLS# 50219169

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Investment Insights

Based on property information with market context.

Built in 1997, this 7,128-square-foot manufacturing property combines a clear-span crane bay with two-story corporate office space. The building includes 100% air conditioning, radiant heating, and a parking lot, supporting both industrial operations and administrative functions within one facility.

The property occupies 1.55 acres at 46400 Continental Drive in Chesterfield, Michigan, 48047. Public water serves the site, and the building’s high-bay configuration provides functional volume for crane-supported industrial use.

Key Highlights

• 7,128‑square‑foot manufacturing building on 1.55 acres
• Clear‑span crane bay with high‑bay configuration
• Two‑story corporate‑style office area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,958

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,619,160 $1.6M

Cap Rate 7%

$1,156,543 $1.2M

Cap Rate 9%

$899,533 $899.5K

Market Conditions

NOI Build-Up for 7,128 SF

Gross rent

$141.1K $19.80/SF

− Vacancy

−$16.6K −$2.33/SF

EGI

$124.6K $17.47/SF

− OpEx

−$43.6K −$6.12/SF

NOI

$81.0K $11.36/SF

Area

Macomb County, MI

Vacancy

11.75%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,619,160

Cap Rate 7%

$1,156,543

Cap Rate 9%

$899,533

Alternative Uses

Best Use

Flex RnD

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,958 @ 7.0% cap · market cap 9.05%

Second Best

Warehouse

$666.7K

$583.4K – $777.9K (±1% cap)

NOI $46,671 @ 7.0% cap · market cap 5.21%

Theoretical Best

Specialty Retail

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,413 @ 7.0% cap · market cap 10.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mania Interactive Advertising Agency International Radiant & Mechanical ... Big Box & Wholesale Store TECHNICAL SOLUTIONS & SERVICES, ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon

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

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

Explore this area Business Placement

Demographics for 48047, MI

39,775

Population

16,765

Households

2.4

Avg Household Size

42

Median Age

29%

College-Educated

94%

High-School Grad

18.0 sq mi

ZIP Area

2,210

Density / Sq Mi

$95,381

Median Household Income

$50,151

Median Earnings

$1,109

Median Rent

$297,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Manufacturing facility with clear-span production space, corporate offices, air conditioning, and on-site parking in Chesterfield.

Where is this manufacturing property located?

The property is located at 46400 Continental Drive Chesterfield, MI.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 7,128‑square‑foot manufacturing building on 1.55 acres; Clear‑span crane bay with high‑bay configuration; Two‑story corporate‑style office area