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    23594 Hoover Rd Warren, MI 48089

    For Sale
    $450,000

    1,433 SF Warehouse, $450K, M2 Zoning

    Property size:
    1,433 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,433-square-foot warehouse, located at 23594 Hoover Rd in Warren, Michigan (zip code 48089), presents a compelling investment opportunity. Priced at $450,000 ($314.03 per square foot), this property boasts a highly desirable M2 zoning designation, opening doors to a variety of commercial uses. The building itself is fully operational, having undergone recent interior and exterior remodeling. Ample parking is available on-site, enhancing its practicality and appeal. A significant advantage is the inclusion of a separate 864-square-foot outbuilding, providing additional space and further parking capacity. This versatile property is situated in Macomb County, Michigan, and its location offers convenient access to major transportation routes and amenities. The property's recent renovations ensure a move-in ready condition, minimizing upfront investment and maximizing immediate return. This is an ideal opportunity for investors seeking a well-maintained, functional warehouse with significant expansion potential in a thriving commercial area. The property's size, zoning, and additional outbuilding make it a truly unique and attractive offering.

    Property Features for 23594 Hoover Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    1,433 SF

    HighLights

    • 1,433 SF available for sale.
    • M2 zoning.
    • Abundant parking.
    • Turnkey restaurant.
    • Recently remodeled interior and exterior.
    • 864 SF outbuilding with additional parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cozy Grill Cafe Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0053557
    Latitude
    42.4681856

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    FAQs

    What type of property is this?
    Distribution property - 1,433 SF Warehouse, $450K, M2 Zoning
    Where is this distribution property located?
    The property is located at 23594 Hoover Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1,433 SF available for sale.; M2 zoning.; Abundant parking.
    Request Owner's contact information
    23594 Hoover Rd Warren, MI 48089
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    Warren, MI 48089
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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
    23594 Hoover Rd Warren, MI 48089
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