50750 Russell Schmidt Blvd Chesterfield, MI 48051-2455
This exceptional 78,900-square-foot distribution center, located at 50750 E Russell Schmidt Blvd, New Baltimore, MI 48051, presents a significant opportunity for industrial users. The single-story building, constructed in 1966 and extensively renovated in 2015, sits on a 6.43-acre lot and boasts a 15' to 20' ceiling height, ideal for various distribution needs. The property features one building with five dock-high doors and one loading dock, ensuring efficient loading and unloading operations. Power is robust, with 1200 and 480-volt service available via buss duct. The property is fully fenced and secured, providing peace of mind and enhanced security. Convenient access is provided via its proximity to 23 Mile Rd. The property is zoned M-2, Heavy Manufacturing, allowing for a wide range of industrial uses. Low property taxes of just $0.51 per square foot make this an attractive investment. The entire 78,900 square feet is currently vacant and ready for immediate occupancy. This prime location in New Baltimore offers easy access to major transportation routes, making it an ideal distribution hub. Don't miss this chance to secure this exceptional industrial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
M2 GEN · Chesterfield, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.