25411 Sherwood Ave Center Line, MI 48091
- Flex space
- 12,113 SF
- 1.30 lot acres
Current Use by Public Records
- Bulldog Customs / Auto Repair Shop
Property Details for 25411 Sherwood Ave
- Year built
- 1957
- Lot size
- 1.30 lot acres
- Property size
- 12,113 SF
- Zone code
- M-3
- Property type
- Flex space
- APN
- 12-13-21-376-002
- APU
- 121321376002
Description
This exceptional investment opportunity presents a 26,157-square-foot industrial building situated on a 2.2-acre lot in Center Line, Michigan. The property, located at 25411 Sherwood Ave, Warren, MI 48091, is a single-story, Class C building constructed in 1920 and extensively renovated in 2000. Currently operating at 100% occupancy with two tenants under a modified net lease, this multi-tenant property offers a strong 7.60% cap rate at an asking price of $2,750,000 ($105.13/SF). The building features 18-foot ceilings, one loading dock, and four dock-high doors, providing ample space for various industrial uses. Extensive parking is available with 50 spaces, plus outside storage and truck parking. The property is zoned M-1 and boasts a desirable mix of tenants. This well-maintained building represents a compelling investment opportunity in a strong industrial market. The property includes APN numbers 01-13-21-376-004 and 01-13-21-376-002.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,050,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $970,000
- 6.5%
- $970,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $925,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $910,000
- Mixed-Use
- $1,005,000
- Hospitality
- $1,075,000
- Educational
- $1,030,000
- Residential Income
- $820,000
- Energy
- $870,000
- Income-Based Land
- $885,000
- Food Service
- $895,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0386
- Latitude
- 42.4798
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
