15555 Mile Rd Roseville, MI 48066
- Warehouses
- 24,950 SF
- 1.38 lot acres
Current Use by Public Records
- Warehouses
Property Details for 15555 Mile Rd
- Year built
- 1978
- Lot size
- 1.38 lot acres
- Property size
- 24,950 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 24,950-square-foot flex/warehouse property located at 15555-15651 12 Mile Road, Roseville, MI 48066. The single-story building, constructed in 1978, sits on a 1.38-acre lot and boasts a 12' to 18' clear ceiling height, ideal for various industrial uses. Currently 100% occupied by two tenants, generating a net operating income (NOI) of $119,255, this property offers a compelling 4.90% cap rate at an asking price of $2,400,000 ($96.19/SF). The property features six overhead doors and ample parking with 60 spaces. Its prime location offers high visibility, adjacent to a McDonald's, and benefits from easy access to I-696 and Groesbeck Highway. Zoned for light industrial use, this owner-user opportunity presents significant upside potential. The property is a single-ownership building with multi-tenancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9629
- Latitude
- 42.5092
