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    Property profile & analytics
    OFF-MARKET Estimated value $14,845,000
    Warehouses

    26090 23rd Mile Rd, Chesterfield, MI 48051-1957

    679,606 SF 29.98 ac lot Built 1966
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-0504876
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kroger Distribution Warehouse & Storage
    • Penske logistics Warehouse & Storage
    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
    One365 LLC
    One365 LLC
    since 2026
    7 recorded transactions
    2026
    2026
    2022
    2020
    2017
    2009
    2005
    Zoning & alternative use
    M2 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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