Current Use by Public Records
- Warehouses
Property Details for 24650 Sherwood Ave
- Year built
- 1998
- Lot size
- 1.60 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 14,776-square-foot flex/warehouse property located at 24650 Sherwood Ave, Center Line, MI 48015. The property, built in 1998, sits on a 1.6-acre lot and boasts a 100% occupancy rate with a diverse tenant mix. The building features two dock-high doors, a 16-foot ceiling height, and ample parking for 100 vehicles. Zoned M-1 Heavy Industrial, this single-story structure offers significant potential for continued growth and strong cash flow. The asking price is $1,950,000, representing a compelling 7.00% capitalization rate. The property is classified as Class C, with a modified lease type and multi-tenancy. Conveniently located just south of 10 Mile Road on Sherwood Avenue in Macomb County, this well-maintained building presents a rare opportunity for investors seeking a stabilized industrial asset with excellent potential. The property's net rentable square footage is 14,776 square feet, with a price per square foot of $155.66. The parcel ID is 01-13-28-202-006. This is a turnkey investment ready for immediate income generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Center Line
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0364
- Latitude
- 42.4743
