21550 Groesbeck Hwy Warren, MI 48089
- Industrial properties
- 12,164 SF
- 0.52 lot acres
Current Use by Public Records
- Iron Capital of America / Fence Contractor / Iron Works
Property Details for 21550 Groesbeck Hwy
- Year built
- 1972
- Lot size
- 0.52 lot acres
- Property size
- 12,164 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This multi-tenant flex building in Warren, Michigan offers 12,164 square feet of space on a 0.52-acre lot. The property features two units, each with its own showroom/office area. Unit 21550 includes one 9-foot overhead door, while unit 21564 boasts two 9-foot and one 12-foot overhead doors. The building, constructed in 1972, is a two-story structure with a 17-foot ceiling height and is situated on Groesbeck Highway, providing excellent main road frontage. A gated parking lot enhances security. The property is zoned M-1 and includes two income-producing apartments on the second floor. Conveniently located minutes from I-696 and I-94, this property presents a strong investment opportunity. The asking price is $750,000, or $375,000 per unit, with a price per square foot of $61.66. The property's APN is 13-35-334-001, 002, 007. The seller is open to a leaseback arrangement for one of the units.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9979
- Latitude
- 42.4554
