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    26090 23 Mile Rd New Baltimore, MI 48051

    Sponsored
    For Lease
    $6 SF/Yr

    Massive Warehouse, 711,547 SF, For Lease

    Lot size:
    711,547 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant industrial property, located at 26090 23 Mile Rd in New Baltimore, Michigan, presents a significant opportunity for businesses seeking expansive warehouse and manufacturing space. The property boasts a substantial 711,547 square feet of vacant space within a single, one-story building constructed in 1967. The building features impressive ceiling heights ranging from 22 to 36 feet, providing ample vertical clearance for various industrial operations. Loading and unloading are facilitated by 24 dock-high doors, ensuring efficient material handling. Ample parking is available, with 300 spaces plus extensive trailer parking to accommodate large-scale operations. The property sits on a generous 39.12 acres (711,547 square feet) of land, offering significant expansion potential. The property is zoned M-1 & M-2, suitable for a variety of industrial uses. Conveniently located in Macomb East submarket, west of Gratiot Ave, the property's address is 26090 23 Mile Rd, New Baltimore, MI 48051 (APN: 15-09-19-127-002, 15-09-19-201-010). This property is ideal for businesses requiring significant space and efficient logistics in a prime Macomb County location. The property is available for lease.

    Property Features for 26090 23 Mile Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    711,547 SF
    Total Rate
    355773.5

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    711,547 SF
    Rate per SF
    $6

    HighLights

    • 200,000 - 711,547 square feet of available space.
    • Divisible office space.
    • Clear ceiling heights ranging from 22' to 36'.
    • Six (6) 12' x 14' grade‑level loading docks.
    • Twenty‑four (24) truck wells.
    • Three (3) cranes: one 50‑ton, one 30‑ton, and one 20‑ton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kroger Distribution Warehouse Penske logistics Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8482847
    Latitude
    42.6720556

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    FAQs

    What type of property is this?
    Distribution property - Massive Warehouse, 711,547 SF, For Lease
    Where is this distribution property located?
    The property is located at 26090 23 Mile Rd 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: 200,000 - 711,547 square feet of available space.; Divisible office space.; Clear ceiling heights ranging from 22' to 36'.
    Request Owner's contact information
    26090 23 Mile Rd New Baltimore, MI 48051
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    New Baltimore, MI 48051
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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
    26090 23 Mile Rd New Baltimore, MI 48051
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