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Property profile & analytics
OFF-MARKET Estimated value $4,805,000
Flex space

50750 Russell Schmidt Blvd Chesterfield, MI 48051-2455

78,900 SF 6.43 ac lot Built 1966
Entity Owned 9-yr Hold Free & Clear
Property ID
US43-0754828
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1966
Total area 78,900 SF
Lot 6.43 ac (280,004 SF)
Zoning code M2 GEN
APN 15-09-19-226-005
UPID US43-0754828
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.81M
Blend (final) Blend
$4.81M
Owner & transaction history
50750 Russell Schmidt LLC · 9 yrs held
50750 Russell Schmidt LLC
since 2017
5 recorded transactions
2017
Price N/A
2011
$2.1M
2011
Price N/A
2009
Price N/A
2005
Price N/A
Zoning & alternative use
M2 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $7.5M +28.3%
Auto repair, garage $6.8M +16.4%
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