Property profile

26090 23rd Mile Rd Chesterfield, MI 48051

OFF-MARKET
Warehouses
Property ID
US43-0504876
679,606 SF 29.98 ac lot Built 1966
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant industrial property, located at 26090 23 Mile Rd in New Baltimore, Michigan, presents a significant opportunity for businesses seeking expansive warehouse and manufacturing space. The property boasts a substantial 711,547 square feet of vacant space within a single, one-story building constructed in 1967. The building features impressive ceiling heights ranging from 22 to 36 feet, providing ample vertical clearance for various industrial operations. Loading and unloading are facilitated by 24 dock-high doors, ensuring efficient material handling. Ample parking is available, with 300 spaces plus extensive trailer parking to accommodate large-scale operations. The property sits on a generous 39.12 acres (711,547 square feet) of land, offering significant expansion potential. The property is zoned M-1 & M-2, suitable for a variety of industrial uses. Conveniently located in Macomb East submarket, west of Gratiot Ave, the property's address is 26090 23 Mile Rd, New Baltimore, MI 48051 (APN: 15-09-19-127-002, 15-09-19-201-010). This property is ideal for businesses requiring significant space and efficient logistics in a prime Macomb County location. The property is available for lease.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1966
Total area 679,606 SF
Lot 29.98 ac (1,305,842 SF)
Zoning code M2 GEN
APN 15-09-19-127-002
UPID US43-0504876

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
  • Warehouse & Storage
  • Warehouse & Storage

Location

26090 23rd Mile Rd Chesterfield, MI 48051-1957
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.84M
Blend (final) Blend
$14.85M

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2026
Price N/A
2022
Price N/A
2020
Price N/A
2017
Price N/A
2009
Price N/A
2005
Price N/A

Zoning & alternative use

M2 GEN · Chesterfield, MI

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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