Property summary
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
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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