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Warren Mixed-Use M1 Zoned Building
For Sale
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8419 East 9 Mile Road, Warren, MI 48089

M1 Zoned mixed-use building available for sale in Warren.

Property Size8,277 SF
Price / SF$63.43
Days on Market73

Property Features for 8419 East 9 Mile Road

General Information

Standard status Active
Size 8,277 SF
Property subtype Retail, Industrial, Mixed Use
Listing Agency: Community Choice Realty
Listed By: Fadi Akkam · License #423330
Source: Crexi
Added: May 21 Changed: Jul 10 Last Checked: Jul 28 at 4:44AM

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 Community Choice Realty

Investment Insights

Based on property information with market context.

This mixed-use building is located in Warren, Michigan. The property is zoned M1. The building has a total size of 8277 square feet.

Key Highlights

  • Great Location on Major Hwy
  • Rustic and Ready
  • Various types of businesses will fit

Financial Insights For Industrial

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 $63.6k $7.68
− Vacancy −$2.8k −$0.34
EGI $60.7k $7.34
− OpEx −$18.2k −$2.20
NOI $42.5k $5.14
8,277 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.46M
$1.27M – $1.70M (±1% cap)
NOI $101,947 @ 7.0% cap · market cap 19.42%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M (±1% cap)
NOI $85,667 @ 7.0% cap · market cap 16.32%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M (±1% cap)
NOI $127,816 @ 7.0% cap · market cap 24.35%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Restaurant Hair 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

438
Businesses Nearby

Demographics for 48089, MI

32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - M1 Zoned mixed-use building available for sale in Warren.
Where is this mixed-use property located?
The property is located at 8419 East 9 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
More about this property
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