24275 Mound Rd Warren, MI 48091-5325
- Industrial properties
- 8,843 SF
- 0.99 lot acres
Sep 06, 2022
Current Use by Public Records
- Montgomery Roy Lee / Machine Shop / Professional Services
Property Details for 24275 Mound Rd
- Year built
- 1950
- Lot size
- 0.99 lot acres
- Property size
- 8,843 SF
- Zone code
- M-2
- Property type
- Industrial properties
- APN
- 12-13-29-278-006
- APU
- 121329278006
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $378,000
- AI Estimate
- $378,000
Market price range: $252k - $628kMarket price range: $252k - $628k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $460,000 Current use
- COMMERCIAL (GENERAL)
- $575,000 Change: +25% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0467
- Latitude
- 42.4722
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA