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    50750 Russell Schmidt Blvd New Baltimore, MI 48051

    Sponsored
    For Lease
    $5 SF/Yr

    78,900 SF Industrial Space - Available Now

    Lot size:
    78,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 78,900-square-foot distribution center, located at 50750 E Russell Schmidt Blvd, New Baltimore, MI 48051, presents a significant opportunity for industrial users. The single-story building, constructed in 1966 and extensively renovated in 2015, sits on a 6.43-acre lot and boasts a 15' to 20' ceiling height, ideal for various distribution needs. The property features one building with five dock-high doors and one loading dock, ensuring efficient loading and unloading operations. Power is robust, with 1200 and 480-volt service available via buss duct. The property is fully fenced and secured, providing peace of mind and enhanced security. Convenient access is provided via its proximity to 23 Mile Rd. The property is zoned M-2, Heavy Manufacturing, allowing for a wide range of industrial uses. Low property taxes of just $0.51 per square foot make this an attractive investment. The entire 78,900 square feet is currently vacant and ready for immediate occupancy. This prime location in New Baltimore offers easy access to major transportation routes, making it an ideal distribution hub. Don't miss this chance to secure this exceptional industrial property.

    Property Features for 50750 Russell Schmidt Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,900 SF
    Total Rate
    36162.5

    Building Details

    Year Built/Renovated
    1966/2015
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    78,900 SF
    Rate per SF
    $5

    HighLights

    • 78,900 square feet of warehouse space available for lease.
    • 5,000 square feet of office space included.
    • 15' to 20' clear ceiling height.
    • Six loading docks: one 12' x 14' grade‑level door and five truckwells.
    • M‑2 Heavy Manufacturing zoning.
    • 6.43‑acre fully fenced and secured lot.
    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
    -82.8440579
    Latitude
    42.6707425

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    FAQs

    What type of property is this?
    Distribution property - 78,900 SF Industrial Space - Available Now
    Where is this distribution property located?
    The property is located at 50750 Russell Schmidt Blvd New Baltimore, MI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 78,900 square feet of warehouse space available for lease.; 5,000 square feet of office space included.; 15' to 20' clear ceiling height.
    Request Owner's contact information
    50750 Russell Schmidt Blvd 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
    50750 Russell Schmidt Blvd New Baltimore, MI 48051
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