Property profile

33735 Groesbeck Hwy Fraser, MI 48026

OFF-MARKET
Warehouses
33,000 SF Built 1988
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Property summary

AI-generated overview

This exceptional industrial warehouse space, located at 33735 Groesbeck Highway in Fraser, Michigan, offers 6,000 square feet of immediately available space within a larger 33,000 square foot multi-tenant building. The property boasts a prime location at the intersection of Kelly Road and Groesbeck Highway, complete with a traffic light and excellent signage opportunities both on the building and within the complex marquee. Built in 1988 and renovated in 2019, the space includes 2,000 square feet of office/showroom area and 4,000 square feet of warehouse space featuring a 15-foot clear ceiling height, an explosion-proof room, and 100% fire suppression. The warehouse also includes one 12' x 14' door and is equipped with 200 AMP/220 Volt power and LED lighting. The property sits on a 2.12-acre lot and provides 10 total parking spaces. The building is zoned LT Industrial and is situated within the Groesbeck Central Industrial submarket of Macomb County. Net operating expenses (NNN) are $579.00 per month, with annual rental increases of 3%. NNN costs include taxes, insurance, snow removal, and grass cutting. This is a fantastic opportunity for a business seeking a well-maintained, strategically located warehouse space in a thriving industrial area.

Property profile

Verified
Property type Warehouses
Year built 1988
Total area 33,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Location

33735 Groesbeck Hwy Fraser, MI 48026
Fraser metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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