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    Property profile & analytics

    23594 Hoover Rd Warren, MI 48089

    • Turn key restaurants
    • 2,316 SF
    • 0.49 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Nov 02, 2020
    $200,000
    Location Intelligence
    Property ID
    US43-0138468
    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

    • Cozy Grill Cafe / Restaurant

    Property Details for 23594 Hoover Rd

    Year built
    1950
    Lot size
    0.49 lot acres
    Property size
    2,316 SF
    Zone code
    M-2
    Property type
    Turn key restaurants
    APN
    12-13-26-303-046
    APU
    121326303046

    Description

    This exceptional 1,433-square-foot warehouse, located at 23594 Hoover Rd in Warren, Michigan (zip code 48089), presents a compelling investment opportunity. Priced at $450,000 ($314.03 per square foot), this property boasts a highly desirable M2 zoning designation, opening doors to a variety of commercial uses. The building itself is fully operational, having undergone recent interior and exterior remodeling. Ample parking is available on-site, enhancing its practicality and appeal. A significant advantage is the inclusion of a separate 864-square-foot outbuilding, providing additional space and further parking capacity. This versatile property is situated in Macomb County, Michigan, and its location offers convenient access to major transportation routes and amenities. The property's recent renovations ensure a move-in ready condition, minimizing upfront investment and maximizing immediate return. This is an ideal opportunity for investors seeking a well-maintained, functional warehouse with significant expansion potential in a thriving commercial area. The property's size, zoning, and additional outbuilding make it a truly unique and attractive offering.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $220,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $205,000
      Mixed-Use
      $190,000
      Hospitality
      $220,000
      Educational
      $225,000
      Residential Income
      $215,000
      Energy
      $175,000
      Income-Based Land
      $220,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0053
    Latitude
    42.4681
    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
    $6,112
    $0.00
    $0.00
    $99,990
    -
    $0.00
    $0.00
    $199,980

    Comparable in this City

    • Value Estimation
      $185,000
      2,275 SF

      22935 Van Dyke Ave

      RESTAURANT • 2,275 SF
      22935 Van Dyke Ave, Warren, MI 48089-2355
      View Details
    • Value Estimation by Request
      616 SF

      14693 8th Mile Rd

      RESTAURANT • 616 SF
      14693 8th Mile Rd, Warren, MI 48089-3431
      View Details
    • Value Estimation by Request
      7,535 SF

      25901 Hoover Rd

      RESTAURANT • 7,535 SF
      25901 Hoover Rd, Warren, MI 48089-1149
      View Details
    • Value Estimation by Request
      1,247 SF

      20958 Van Dyke Ave

      RESTAURANT • 1,247 SF
      20958 Van Dyke Ave, Warren, MI 48089-2942
      View Details
    • Value Estimation by Request
      600 SF

      22905 Van Dyke Ave

      RESTAURANT • 600 SF
      22905 Van Dyke Ave, Warren, MI 48089-2355
      View Details
    • Value Estimation by Request
      3,647 SF

      24920 Hoover Rd

      RESTAURANT • 3,647 SF
      24920 Hoover Rd, Warren, MI 48089-1987
      View Details

    Similar Nearby for Sale

    • $450,000
      1,433 SF

      Remodeled Restaurant with Extra Building

      Operating restaurant with remodeled interior/exterior and separate out-building.
      23594 Hoover Rd, Warren, MI 48089
      View Details
    • $375,000
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      Turnkey Restaurant on Busy 8 Mile

      Well-established restaurant with furniture, fixtures, and equipment included.
      14693 E 8 Mile Rd, Warren, MI 48089
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      3,717 SF

      Citizens Bank NNN Asset

      Citizens Bank NNN asset with extended lease and options.
      23521 Van Dyke Ave, Warren, MI 48089
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    • $1,150,000
      23,776 SF

      Warren Retail/Industrial Buildings on Highway

      Two buildings totaling 23,776 SF on 1.92 AC.
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    • $274,900
      2,055 SF

      Renovated Commercial Building on Van Dyke

      Turnkey commercial building renovated in 2020, suitable for various businesses.
      21511 Van Dyke Ave, Warren, MI 48089
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    Similar Nearby for Lease

    • $4,000 /Mo
      616 SF

      Turnkey Diner/Take-Out Restaurant For Lease

      Fully operational 600 sq ft restaurant ready for its next owner.
      14693 E Eight Mile Rd, Warren, MI 48089
      View Details
    • Contact for pricing

      Warren Retail and Automotive Spaces

      Retail and automotive spaces available for lease in Warren.
      14555-14647 Groesbeck Hwy, Warren, MI 48089
      View Details
    • Contact for pricing
      6,295 SF

      Regional Shopping Center Retail Space

      Retail space available in Warren, MI shopping center.
      26013-26127 Hoover Rd, Warren, MI 48089
      View Details
    • $949 /Mo

      Retail Space in Updated Building

      Retail space available in updated commercial building, flexible square footage.
      25141 Hoover Rd, Warren, MI 48089
      View Details
    • Contact for pricing
      1,584 SF

      Warren Retail Space For Rent

      Regional shopping center space available in Warren, Michigan.
      26601-26651 Hoover Rd, Warren, MI 48089
      View Details
    • Contact for pricing
      4,918 SF

      Retail Space in Anchored Center

      Retail space available in well-located, high-visibility shopping center.
      26233-26489 Hoover Rd, Warren, MI 48089
      View Details
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    23594 Hoover Rd
    Warren, MI 48089
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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