Industrial Building with Fenced
For Sale
$375,000
5742 Peck Road, Croswell, MI 48422
COMMERCIAL - Croswell, MI
Property Size3,742 SF
Lot Size3.16 Acres
Price / SF$100.21
Days on Market97
Property Features for 5742 Peck Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot, Main Street
Subdivision
Lexington Twp (76015)
Standard status
Active
APN
150-033-100-010-00
Size
3,742 SF
Lot size
3.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2640
Utilities
Water source
Private
Listing Agency:
Epique Inc.
(248) 218-2604
Listed By:
Michael Rickerman · License #6506045489
(810) 712-1568
Added: Apr 28
Changed: Jun 3
Last Checked: Aug 2 at 1:06PM
MLS# 50205644
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 property includes a 3,700+ square foot industrial building on 3.16 acres, with a fenced rear portion. The building is split into two main sections, with the front portion measuring 40x40 and the rear portion measuring 40x54, and both include upper-level storage. Access is provided by two garage doors: a 12'H x 12'W front door and a 10'H x 8'W side door. The building requires a complete renovation, and use of the property should be exercised carefully due to debris and miscellaneous items located inside and outside.
Located in Croswell, Michigan at the intersection of Peck Road (M-90) and Wildcat Road, the site is positioned for strong street visibility from two heavily traveled roads. The overall configuration supports separate front and rear building areas, with the fenced rear adding definition for outdoor storage and staging needs.
For buyers and operators, this is a workable industrial renovation project for business uses that can accommodate a two-section warehouse layout and upper-level storage. The combination of multiple roll-up doors and a fenced rear area may support logistics, light industrial operations, or other warehouse-style requirements where controlled outdoor storage is useful, subject to final design and permitting based on the intended use.
Located in Croswell, Michigan at the intersection of Peck Road (M-90) and Wildcat Road, the site is positioned for strong street visibility from two heavily traveled roads. The overall configuration supports separate front and rear building areas, with the fenced rear adding definition for outdoor storage and staging needs.
For buyers and operators, this is a workable industrial renovation project for business uses that can accommodate a two-section warehouse layout and upper-level storage. The combination of multiple roll-up doors and a fenced rear area may support logistics, light industrial operations, or other warehouse-style requirements where controlled outdoor storage is useful, subject to final design and permitting based on the intended use.
Key Highlights
- 3.16‑acre commercial property on the corner of Peck Road (M‑90) and Wildcat Road for high‑traffic intersection visibility
- 3,700+ SF building with two sections: 1,582 SF (40x40) and 2,160 SF (40x54)
- Upper level storage included in both front and rear portions of the building
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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?
Commercial land - Industrial building on a highly visible corner lot with fenced rear storage and multiple garage doors.
Where is this commercial land 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 property on the corner of Peck Road (M‑90) and Wildcat Road for high‑traffic intersection visibility; 3,700+ SF building with two sections: 1,582 SF (40x40) and 2,160 SF (40x54); Upper level storage included in both front and rear portions of the building
