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    50270 Russell Schmidt Blvd New Baltimore, MI 48051

    Sponsored
    For Lease
    $6 SF/Yr ($12,807 /Mo)

    Single-tenant industrial warehouse, ideal for manufacturing.

    Lot size:
    22,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22,114-square-foot industrial warehouse, located at 50270 E Russell Schmidt Blvd, New Baltimore, MI 48051, presents a significant opportunity. Situated on a 2.41-acre lot, this single-story, 1980-built facility boasts a 20-foot ceiling height, making it suitable for various manufacturing or storage needs. The property features one loading dock, two dock-high doors, and one drive-in door, ensuring efficient loading and unloading. Power is robust, with 3000 amps, 240 volts, buss-duct, and 480V transformer capabilities. The building is zoned M-2, General, and is conveniently located near the intersection of 23 Mile Rd & Gratiot Ave, offering easy access to I-94. The property includes a large fenced storage yard, adding to its functionality. The entire 22,114 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's parcel number is 15-09-19-379-002 in Macomb County, Michigan, within the Macomb East submarket. This heavy manufacturing facility also includes a well-appointed office space. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving area.

    Property Features for 50270 Russell Schmidt Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,114 SF
    Total Rate
    12807.69

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    22,114 SF
    Rate per SF
    $6

    HighLights

    • 22,114 square feet of available space.
    • 2,500‑square‑foot office suite.
    • 20‑foot clear ceiling height.
    • One 12' x 14' grade‑level loading door.
    • Two truckwells.
    • Heavy manufacturing facility with modern office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8488177
    Latitude
    42.6640989

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    FAQs

    What type of property is this?
    Distribution property - Single-tenant industrial warehouse, ideal for manufacturing.
    Where is this distribution property located?
    The property is located at 50270 Russell Schmidt Blvd New Baltimore, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 22,114 square feet of available space.; 2,500-square-foot office suite.; 20-foot clear ceiling height.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50270 Russell Schmidt Blvd New Baltimore, MI 48051
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