Manufacturing Facility with
46650 Erb Dr, Macomb, MI 48042
For Sale
$4,525,000
Air-conditioned industrial facility with heavy power, overhead cranes, office areas, and warehouse functionality.
Property Size39,344 SF
Price / SF$115.01
Days on Market55
Property Features for 46650 Erb Dr
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Mezzanine
Power
Voltage
Three-Phase Power
Heavy Power
Conditioned Warehouse
Additional Details
Asking Price
Building Details
Building Size
Listing Agency:
Colliers
Listed By:
Mike Koenigbauer
(248) 540-1000
Source:
Cpix.resimplifi
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 5:22AM
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 Colliers
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Investment Insights
Based on property information with market context.
The M-1 manufacturing facility at 46650 Erb Dr contains 39,344 SF, including approximately 6,754 SF of office space. The building is 100% air conditioned and includes 4,000 SF of shop office space, a 4,000 SF mezzanine, six overhead doors, and five overhead cranes ranging from 5 to 20 tons.
Industrial utility infrastructure includes 3-phase, 480-volt, 1,600-amp power service. The configuration supports manufacturing, warehousing, administrative functions, material handling, and on-site storage. An additional 1.08-acre grass lot parcel is also available for purchase, offering added land associated with the facility.
Industrial utility infrastructure includes 3-phase, 480-volt, 1,600-amp power service. The configuration supports manufacturing, warehousing, administrative functions, material handling, and on-site storage. An additional 1.08-acre grass lot parcel is also available for purchase, offering added land associated with the facility.
Key Highlights
- 39,344 SF industrial manufacturing facility
- Approximately 6,754 SF of office space
- 3‑phase, 480‑volt, 1,600‑amp power service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,608
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,152,160
$5.2M
Cap Rate 7%
$3,680,114
$3.7M
Cap Rate 9%
$2,862,311
$2.9M
Market Conditions
NOI Build-Up for 39,344 SF
Gross rent
$321.0K $8.16/SF
− Vacancy
−$18.0K −$0.46/SF
EGI
$303.1K $7.70/SF
− OpEx
−$45.5K −$1.16/SF
NOI
$257.6K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,152,160
Cap Rate 7%
$3,680,114
Cap Rate 9%
$2,862,311
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,608 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$3.03M
$2.65M – $3.54M
NOI $212,148 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.59M
NOI $515,608 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 48042, MI
33,398
Population
12,067
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
1,465
Density / Sq Mi
$125,433
Median Household Income
$61,261
Median Earnings
$1,569
Median Rent
$374,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Manufacturing properties in Macomb County, MI
Properties on Market for Manufacturing properties in Macomb County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Air-conditioned industrial facility with heavy power, overhead cranes, office areas, and warehouse functionality.
Where is this manufacturing property located?
The property is located at 46650 Erb Dr Macomb, MI.
What is the asking price?
The asking price for this property is $4,525,000.
What are key features of this property?
This property features: 39,344 SF industrial manufacturing facility; Approximately 6,754 SF of office space; 3‑phase, 480‑volt, 1,600‑amp power service
