Warehouse with Fenced
For Sale
$375,000
5742 Peck Road, Croswell, MI 48422
Warehouse property on two busy roads with fenced rear area and two garage doors for straightforward access and operations.
Property Size3,742 SF
Lot Size3.16 Acres
Price / SF$100.21
Days on Market159
Property Features for 5742 Peck Road
General Information
Standard status
Active
Size
3,742 SF
Lot size
3.16 Acres
Property subtype
General Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
2
Listing Agency:
Epique Inc.
(248) 218-2604
Listed By:
Michael Rickerman · License #6506045489
Source:
Xome
Added: Feb 24
Changed: Jul 10
Last Checked: Jun 15 at 4:40AM
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 Epique Inc.
Investment Insights
Based on property information with market context.
The property includes a 3,700+ square foot warehouse building on a 3.16-acre site, with a fenced rear portion. The building is divided into front and rear sections, with the front portion measuring 40x40 and the rear portion measuring 40x54. Both sections include upper level storage. Access is provided by two garage doors, including a 12'H x 12'W front door and a 10'H x 8'W side door.
The site is located at the intersection of Peck Road (M-90) and Wildcat Road, offering high visibility from two heavily traveled roads. The listing notes that there is debris and miscellaneous items both inside and outside the property, and visitors should use caution when walking the premises.
This warehouse is best suited for an owner-operator or investor looking for a value-add redevelopment, given that the building needs a complete renovation. The fenced rear area can support storage or yard-style staging, while the existing garage doors and upper storage areas provide a practical starting point for a range of light industrial or warehousing concepts once improvements are made.
The site is located at the intersection of Peck Road (M-90) and Wildcat Road, offering high visibility from two heavily traveled roads. The listing notes that there is debris and miscellaneous items both inside and outside the property, and visitors should use caution when walking the premises.
This warehouse is best suited for an owner-operator or investor looking for a value-add redevelopment, given that the building needs a complete renovation. The fenced rear area can support storage or yard-style staging, while the existing garage doors and upper storage areas provide a practical starting point for a range of light industrial or warehousing concepts once improvements are made.
Key Highlights
- 3.16‑acre commercial site at the intersection of Peck Rd (M‑90) and Wildcat Rd with high visibility on two heavily traveled roads
- 3,700+ SF building set up as front and rear portions: 1,582 SF (40x40) plus 2,160 SF (40x54)
- Front portion includes upper‑level storage; rear portion includes additional upper‑level storage
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 | $30.1k | $8.04 |
| − Vacancy | −$1.5k | −$0.40 |
| EGI | $28.6k | $7.64 |
| − OpEx | −$4.3k | −$1.15 |
| NOI | $24.3k | $6.49 |
3,742 SF · lease $8.04/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$347.1K
$303.7K – $404.9K
NOI $24,294 @ 7.0% cap · market cap 6.48%
Second Best
Industrial
$285.8K
$250.1K – $333.5K
NOI $20,007 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$794.7K
$695.4K – $927.2K
NOI $55,631 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48422, MI
6,130
Population
2,875
Households
2.1
Avg Household Size
43
Median Age
14%
College-Educated
89%
High-School Grad
95.2 sq mi
ZIP Area
64
Density / Sq Mi
$57,078
Median Household Income
$33,312
Median Earnings
$807
Median Rent
$162,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property on two busy roads with fenced rear area and two garage doors for straightforward access and operations.
Where is this warehouse located?
The property is located at 5742 Peck Road Croswell, 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: 3.16‑acre commercial site at the intersection of Peck Rd (M‑90) and Wildcat Rd with high visibility on two heavily traveled roads; 3,700+ SF building set up as front and rear portions: 1,582 SF (40x40) plus 2,160 SF (40x54); Front portion includes upper‑level storage; rear portion includes additional upper‑level storage
