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    OFF-MARKET Estimated value $1,100,000
    Flex space

    46705 Erb Dr, Macomb, MI 48042-5315

    20,000 SF 2.38 ac lot Built 1988
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-1991250
    Property summary
    AI-generated overview

    This exceptional 10,000-square-foot warehouse space is available for lease in the desirable Groesbeck North submarket of Macomb County. Located at 46705 Erb Dr, this property boasts a prime location near the intersection of 21 Mile Rd and Gratiot Ave, with convenient access to I-94. The building, constructed in 1990 and renovated in 2022, offers a spacious layout including 3,600 square feet of office/showroom space and 6,400 square feet of warehouse/shop space, complemented by a 3,600-square-foot shop mezzanine. The warehouse features a generous 16-foot clear ceiling height, two 12' x 14' overhead doors, and ample parking with 50 total spaces. A significant advantage is the large fenced-in outdoor storage area, providing additional space for inventory or equipment. The property sits on a 1.22-acre lot and is zoned for light industrial use. The building is equipped with 400 AMP, 220-volt power. This space is ideal for a variety of warehouse or manufacturing businesses seeking a functional and well-located facility. An additional 10,000 square feet of warehouse space is also available in the same building. Don't miss this opportunity to secure a high-quality industrial space in a thriving location.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1988
    Total area 20,000 SF
    Lot 2.38 ac (103,542 SF)
    Zoning code M1
    APN 20-08-36-227-021
    UPID US43-1991250
    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
    • Web Design In Detroit Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.10M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.33M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Statewide Macomb LLC · 1 yrs held
    Statewide Macomb LLC
    since 2024
    Last sale
    $1.1M
    2 recorded transactions
    2024
    $638,000
    2022
    $1.1M
    Zoning & alternative use
    M1 · Macomb, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.7M +31.9%
    Warehouse, storage $1.4M +3.5%
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