Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29359-29315 Mound Rd Warren, MI 48092

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Warren Retail Center - 9,157 SF Available

    Lot size:
    9,157 SF

    Property Features for 29359-29315 Mound Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,157 SF
    Class
    A

    Spaces For Lease

    at 29359-29315 Mound Rd, Warren, MI 48092 Contact us

    We can help!

    Listing Contact
    Andrew Luckoff
    Andrew Luckoff

    Listing Agency: Landmark Commercial Real Estate Services Listing Agent: Andrew Luckoff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Heritage Village Shopping Center, located at 29359-29315 Mound Rd in Warren, Michigan (zip code 48092), presents a unique opportunity for a discerning tenant. This Class A retail property, situated in Macomb County, offers a total of 9,157 square feet of space, currently entirely vacant and ready for immediate occupancy. The property is classified as a shopping center with multiple tenancy potential, making it ideal for a variety of retail uses. The building's size and layout provide ample room for a large-scale retailer or the potential for multiple smaller businesses to co-locate. The address is conveniently located on Mound Road, ensuring high visibility and accessibility for customers. The property's location within Warren, Michigan offers access to a substantial consumer base and benefits from established infrastructure and local amenities. This is a rare opportunity to secure a significant retail space in a desirable location. The property is available for lease and offers a blank canvas for a business to establish a strong presence in the Warren market. Interested parties are encouraged to inquire for further details and leasing information. The property is categorized as a Class A retail space, reflecting its high quality and desirable features. The entire 9,157 square feet is currently vacant, providing a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease portions of the building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0488389
    Latitude
    42.5076319

    Nearby Similar for Lease

    • $2,500 /Mo
      3,500 SF

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $4,000 /Mo
      616 SF

      Turnkey Restaurant Space Available

      Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
      14693 E Eight Mile Rd, Warren, MI 48089
      View Details
    • $650 /Mo
      3,900 SF

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 Hoover Rd, Warren, MI 48093
      View Details
    • $1,800 /Mo
      13,433 SF

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 Schoenherr Rd, Warren, MI 48088
      View Details
    • $5,568 /Mo
      4,455 SF

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Ave, Warren, MI 48093
      View Details
    • Sponsored
      Contact for pricing

      MI, Madison Heights - Dequindre Rd

      Discover many ways to work your way in Brookfield Square
      27301 Dequindre Rd, Warren, MI 27301
      View Details
    • $15 SF/Yr
      142,950 SF

      High-Rise Office Space Available

      Premier office building in Macomb County, move-in ready options.
      30500 Van Dyke Ave, Warren, MI 48093
      View Details
    • $1,500 /Mo

      Office/Retail Space in Warren

      2,000 sqft space suitable for office or retail use.
      15093 E 13 Mile Rd, Warren, MI 48088
      View Details
    • $949 /Mo

      Retail Space in Updated Building

      Retail space available in updated commercial building, flexible square footage.
      25141 Hoover Rd, Warren, MI 48089
      View Details
    • $10 SF/Yr
      2,222 SF

      Medical Office Space Available

      Move-in ready medical suites with signage opportunities near St. John’s.
      11250 13 Mile Rd, Warren, MI 48093
      View Details
    • $13 SF/Yr
      2,250 SF

      Retail Space For Lease

      Retail spaces available for lease at Frazho Plaza.
      26030-26124 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $17 SF/Yr
      3,800 SF

      Class A Medical Office Space

      High visibility medical office near Ascension Macomb, quick highway access.
      27450-27472 Schoenherr Rd, Warren, MI 48088
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Warren Retail Center - 9,157 SF Available
    Where is this lifestyle center located?
    The property is located at 29359-29315 Mound Rd Warren, MI.
    What are key features of this property?
    This property features: 9,157 SF Class A retail space available for lease in Warren, MI.; High visibility and accessibility from 12 Mile and Mound Roads.; Strong surrounding retail and service businesses, benefiting from high daytime traffic and residential community.
    (248) 488-2620 Call to check price and availability
    Request Owner's contact information
    29359-29315 Mound Rd Warren, MI 48092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29359-29315 Mound Rd
    Warren, MI 48092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    29359-29315 Mound Rd Warren, MI 48092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Luckoff
    Andrew Luckoff
    Real Estate License ID: 6501386660
    (248) 488-2620
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!