28241 Mound Rd Warren, MI 48092-5523

Property Details for 28241 Mound Rd

Year built

1987

Lot size

8.26 lot acres

Property size

97,326 SF

Zone code

MZ

Property type

Distribution centers

APN

12-13-17-277-003

APU

121317277003

Description

This exceptional investment opportunity presents a 98,125-square-foot multi-tenant warehouse located at 28241 Mound Rd, Warren, MI 48092, in Macomb County. Built in 1988 and renovated in 2008, this property sits on an 8.26-acre lot and boasts a substantial 2024 estimated Net Operating Income (NOI) of $573,600. Currently 70% occupied, the building features three tenants, with the largest, Cort Furniture, occupying the majority of the space. The average remaining lease term is five years, providing immediate and long-term income potential. The warehouse offers 11 loading docks and 4 dock-high doors, along with impressive ceiling heights ranging from 28 to 30 feet. Significant expansion potential exists, with room to add over 50,000 square feet. The property includes 44,473 square feet of office space and robust power capabilities of 1,600 amps at 480 volts. This well-maintained industrial property offers a compelling investment opportunity with strong cash flow and significant upside potential. The property's prime location in Warren, Michigan, ensures easy access to major transportation routes and a thriving business community.

Location Insight

City

Warren

County

Macomb

State

Michigan

Longitude

-83.049

Latitude

42.5012

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments