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Property profile & analytics
FOR LEASE
Commercial land

28877 Schoenherr Rd Warren, MI 48088

2,277 SF 1.9 ac lot
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US43-1956010
28877 Schoenherr Rd, Warren, MI 48088 For Lease
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28877 Schoenherr Rd, Warren, MI 48088
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Property summary
AI-generated overview

This exceptional 1.02-acre vacant commercial land parcel in Warren, Michigan, presents a prime development opportunity. Located at 28877 Schoenherr Rd, 48088, this C-1 zoned property boasts unparalleled visibility at a major intersection, offering convenient cross-access to 12 Mile Road and direct access to Schoenherr Road. The site is fully developed and ready for immediate construction, making it an ideal location for a variety of commercial ventures. Its strategic position within an established commercial corridor, alongside prominent businesses such as Tim Hortons and Cold Stone Creamery, ensures high traffic volume and exposure throughout the day and evening. The property's accessibility and location within a thriving area guarantee a strong return on investment. A key advantage is the availability of drive-thru capabilities, expanding the potential for various business models. This exceptional lot is priced at $425,000 and represents a rare chance to acquire a ready-to-build site in a high-demand location. Don't miss this opportunity to establish your business in a prime Warren commercial area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 2,277 SF
Lot 1.9 ac (82,895 SF)
Zoning code MZ
APN 12-13-14-226-025
UPID US43-1956010
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
  • Tim Hortons Bakery Specialty Food Shop
  • Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jp Th Properties-warren LLC · 15 yrs held
Jp Th Properties-warren LLC
since 2010
4 recorded transactions
2021
Price N/A
2010
$535,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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