Property profile & analytics
23565 Schoenherr Rd Warren, MI 48089-4266
- Flex space
- 7,336 SF
- 0.80 lot acres
OFF-MARKET
Last Sale
Jan 18, 2025
Jan 18, 2025
Value Estimations
$600,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0649710
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.
Current Use by Public Records
- MRD Aerospace LLC / Corporate Office / Factory
Property Details for 23565 Schoenherr Rd
- Year built
- 1961
- Lot size
- 0.80 lot acres
- Property size
- 7,336 SF
- Zone code
- M-2
- Property type
- Flex space
- APN
- 12-13-26-430-005
- APU
- 121326430005
Description
This 7,336-square-foot industrial building in Warren, Michigan, presents a compelling owner-user opportunity. Located on a 0.63-acre lot at 23565 Schoenherr Rd, 48089, this single-story Class B property, built in 1961 and renovated in 1969, offers significant advantages. The building features 14-foot ceilings with an 18-foot bay, providing ample vertical space. Three overhead doors and two 3-ton bridge cranes facilitate efficient material handling. Inside, find a fully air-conditioned shop, an inspection room ideal for quality control, and two mezzanine storage areas maximizing usable space. Thirty parking spaces are available on-site, along with convenient outside storage. The property boasts good power and buss duct. Its M-2 zoning permits a variety of manufacturing and industrial uses. Strategically located with easy access to I-696, this property benefits from its proximity to major transportation routes and sits within a designated "Green Zone," indicating a favorable industrial area. The asking price is $795,000, translating to $108.37 per square foot. This well-maintained building offers a blend of functionality and location, making it an attractive investment for businesses seeking a productive and accessible industrial space in the thriving Detroit area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $602,000
- AI Estimate
- $602,000
Market price range: $254k - $735kMarket price range: $254k - $735k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $485,000 Current use
- OFFICE BUILDING
- $695,000 Change: +43% Conversion: Difficult
- RESTAURANT
- $635,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $590,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $580,000 Change: +20% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $505,000 Change: +4% Conversion: Easy
- WAREHOUSE, STORAGE
- $495,000 Change: +2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $480,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -82.987
- Latitude
- 42.4683
- 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
$8,003
$0.00
$0.00
$167,330
-
$0.00
$0.00
$334,660
