Property profile

25141 Hoover Rd Warren, MI 48089

OFF-MARKET
Government properties
Property ID
US43-0289458
3,173 SF 0.69 ac lot Built 1970
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail space, located at 25141 Hoover Rd in Warren, Michigan (48089), offers 817 square feet of newly renovated space within a larger 3,123 square foot building. The property, built in 1985 and extensively renovated in 2024, features a single-story building with ample parking (30 spaces). The suite is part of a multi-tenant building with a total of two suites. The minimum divisible space is 817 square feet, making it ideal for a variety of retail businesses. The property is conveniently located on the west side of Hoover Road, north of 10 Mile Road, in Macomb County, and is zoned for commercial use. The property's APN is 12-13-22-477-008. This is a fantastic opportunity to establish or expand your business in a thriving commercial area with excellent visibility and accessibility. The space is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Government properties
Use group CENTRALLY ASSESSED
Year built 1970
Total area 3,173 SF
Lot 0.69 ac (30,013 SF)
Zoning code C-1
APN 12-13-22-477-008
UPID US43-0289458

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
  • Pharmacy

Location

25141 Hoover Rd Warren, MI 48089-1145
Warren metro Census 262600 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$570k

Owner & transaction history

since 2023
Last sale
$550,000
2 recorded transactions
2023
$550,000
2020
Price N/A

Zoning & alternative use

C-1 · Warren, MI
Zoning description

ZONE: MZ, C-1, P VARIANCES REQUESTED: Permission to Erect an 8’ high, 16’ x 35’ dumpster screen walls. ORDINANCES and REQUIREMENTS: Section 4D.40 - Refuse, Recycling Container Screening: Containers for refuse and recycli…

General category COMMERCIAL

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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