Manufacturing Facility with Development
For Sale
$2,950,000
Chesterfield Twp., New Baltimore, MI 48047
Manufacturing facility on 10 acres with development opportunities.
Property Size15,200 SF
Lot Size10.00 Acres
Price / SF$194.08
Days on Market275
Property Features for Chesterfield Twp.
General Information
Standard status
Active
Size
15,200 SF
Lot size
10.00 Acres
Property subtype
Industrial
Building Details
Building Size
15,200 SF
Year Built
1991
Listing Agency:
Signature Associates Southfield
Listed By:
Ben Wilkiemeyer · License #6501343766
(248) 404-7015
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 26
Last Checked: Oct 28 at 7:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a manufacturing facility situated on a 10-acre parcel. The building features a 65-foot clear span and a 10-ton crane. The property offers the opportunity to develop the Twenty-Six Mile Road frontage, with potential for medical, office, and retail development. The location benefits from strong traffic counts and ongoing retail developments in the corridor. The property is located near I-94.
Key Highlights
- Large 10‑acre parcel with development potential along Twenty‑Six Mile Road
- Existing tenant in place provides immediate income
- 65' clear span ideal for manufacturing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,358
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,187,160
$3.2M
Cap Rate 7%
$2,276,543
$2.3M
Cap Rate 9%
$1,770,644
$1.8M
Market Conditions
NOI Build-Up for 15,200 SF
Gross rent
$301.0K $19.80/SF
− Vacancy
−$35.4K −$2.33/SF
EGI
$265.6K $17.47/SF
− OpEx
−$106.2K −$6.99/SF
NOI
$159.4K $10.48/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,187,160
Cap Rate 7%
$2,276,543
Cap Rate 9%
$1,770,644
Alternative Uses
Best Use
Healthcare Medical
$2.28M
$1.99M – $2.66M
NOI $159,358 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$1.61M
$1.40M – $1.87M
NOI $112,358 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,198 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility on 10 acres with development opportunities.
Where is this manufacturing property located?
The property is located at Chesterfield Twp. New Baltimore, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Large 10‑acre parcel with development potential along Twenty‑Six Mile Road; Existing tenant in place provides immediate income; 65' clear span ideal for manufacturing
