22750 Hoover Rd Warren, MI 48089-2569
Property profile & analytics
22750 Hoover Rd Warren, MI 48089-2569
- Flex space
- 23,580 SF
- 0.91 lot acres
Property ID
US43-4902271
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Flex space
Property Details for 22750 Hoover Rd
- Year built
- 1950
- Lot size
- 0.91 lot acres
- Property size
- 23,580 SF
- Zone code
- MZ
- Property type
- Flex space
- APN
- 12-13-35-101-016
- APU
- 121335101016
Description
This 23,041-square-foot industrial warehouse in Warren, Michigan, presents a unique investment opportunity. Located at 22750 Hoover Rd, 48089, this single-tenant property boasts a prime location in Metro Detroit's Opportunity Zone, offering significant potential for value appreciation. Originally built in 1950 and recently renovated, the building features a new roof, fully updated masonry exterior walls, and a completely demoed and updated interior. The property includes 1 loading dock and 1 dock-high door, with ceiling heights ranging from 17 to 25 feet. The building has a 2,000-amp electrical service (with a pending power upgrade) and a 14-foot garage door and one exterior truckwell. The 0.91-acre lot provides ample space, and the building benefits from direct visibility and signage on Hoover Road. Importantly, this property is a municipal-approved medical and adult-use cannabis grow and processing facility, complete with four Class C grow/processing licenses, MEP drawings, and building permits, all included in the sale. Zoned Industrial M-2/M-3, this versatile space is suitable for various uses, including light industrial warehousing, heavy manufacturing, and storage, in addition to its existing cannabis cultivation capabilities. The asking price is $1,290,888 ($56.03/sq ft).
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,222,000
- AI Estimate
- $1,222,000
Market price range: $817k - $2.36MMarket price range: $817k - $2.36M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,565,000 Current use
- AUTO REPAIR, GARAGE
- $1,625,000 Change: +4% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,590,000 Change: +2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,535,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0043
- Latitude
- 42.4613
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$27,691
$0.00
$0.00
$339,640
-
$0.00
$0.00
$679,280
