Property profile

24275 Mound Rd Warren, MI 48091

OFF-MARKET
Industrial properties
Property ID
US43-1028895
8,843 SF 0.99 ac lot Built 1950
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,300-square-foot Class A industrial flex warehouse, located at 24275 Mound Road in Warren, Michigan (48091), presents a unique owner-user opportunity. Completely renovated in 2023, this property boasts a "like-new" condition, featuring a new roof, brickwork, windows, and concrete floors and driveway. The building includes 700 square feet of office space and is equipped with all new mechanical systems and energy-efficient LED lighting. Two 12' x 14' grade-level doors provide convenient access, while a 20-foot ceiling height offers ample vertical space. The property sits on a fenced lot measuring 100' x 430', allowing for potential outside storage. All buildings in the rear have been demolished to maximize parking and storage, providing 10 parking spaces. This single-unit property is zoned M-2, making it ideal for a variety of industrial uses, such as contractor or truck repair. Its prime location on the west side of Mound Road, south of 10 Mile Road, offers easy access to major freeways including I-696, I-94, and I-75. The asking price is $995,000, with a price per square foot of $235.85. This is a Net Net Net (NNN) lease. Built in 1950, this property offers a blend of classic industrial character and modern functionality.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Total area 8,843 SF
Lot 0.99 ac (43,342 SF)
Zoning code M-2
APN 12-13-29-278-006
UPID US43-1028895

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

24275 Mound Rd Warren, MI 48091-5325
Warren metro Census 263400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$350k

Owner & transaction history

since 2022
Last sale
$350,000
3 recorded transactions
2024
Price N/A
2022
$350,000
2016
$185,000

Zoning & alternative use

M-2 · Warren, MI
Zoning description

M-1 and M-2. Section 4A.14 (b) - Prohibited Signs: Exterior rope lighting, except temporary lighting. Chairman Sophiea said good evening. CITY OF WARREN ZONING BOARD OF APPEALS Minutes of August 13, 2025 Page 12 Sarah Mh…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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