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    23250 Sherwood Ave Warren, MI 48091

    For Lease
    $7 SF/Yr ($13,117 /Mo)

    19,800 SF Warehouse, 1.25 Acres

    Lot size:
    19,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 19,800-square-foot industrial property, located at 23250 Sherwood Avenue in Warren, Michigan, presents a significant opportunity for manufacturing or warehousing operations. The single-tenant building sits on a 1.25-acre lot and boasts a six-story structure with a 16-foot ceiling height. Built in 1950, the property features three loading docks and one dock-high door, providing ample access for efficient material handling. Parking is readily available with 30 spaces. The building is equipped with substantial power: 2000 amps, 440 volts, and buss duct distribution, ensuring sufficient capacity for demanding operations. The M-1 zoning allows for a variety of industrial uses. The property's convenient location offers easy freeway access. Exterior improvements include a newly paved, fenced yard and an existing exterior truckwell with the potential for expansion. Additional features include a large compressor with airlines and recently installed energy-efficient T5 lighting. The property's APN is 13-28-453-001. The entire 19,800 square feet is currently vacant, making it an ideal space for immediate occupancy.

    Property Features for 23250 Sherwood Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,800 SF
    Total Rate
    13117.5

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Available space
    Size
    19,800 SF
    Rate per SF
    $7

    HighLights

    • 19,800 SF available for lease
    • 1,800 SF of office space included
    • 16' clear ceiling height
    • Three (3) 12' x 14' grade‑level loading doors
    • Two (2) 6‑ton and one (1) 7.5‑ton cranes
    • M‑1 zoning
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KMT DISTRIBUTION SMOKE ... Tobacco Shop KMT DISTRIBUTION SMOKE ... Wholesaler Midwest Resins Plastic Fabrication Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0349451
    Latitude
    42.464759

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    FAQs

    What type of property is this?
    Distribution property - 19,800 SF Warehouse, 1.25 Acres
    Where is this distribution property located?
    The property is located at 23250 Sherwood Ave Warren, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 19,800 SF available for lease; 1,800 SF of office space included; 16' clear ceiling height
    Request Owner's contact information
    23250 Sherwood Ave Warren, MI 48091
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    Warren, MI 48091
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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
    23250 Sherwood Ave Warren, MI 48091
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