5775 10th Mile Rd, Warren, MI 48091-1590
- Flex space
- 89,000 SF
- 8.26 lot acres
Current Use by Public Records
- Paragon Technologies / Electronics & Wireless Store / Computer & Electronic Repair
- Perfection Servo / General Contractor
Property Details for 5775 10th Mile Rd
- Year built
- 1956
- Lot size
- 8.26 lot acres
- Zone code
- M-2
- Property type
- Flex space
- APN
- 12-13-20-477-020
- APU
- 121320477020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 7, 2025 | — | Ajc Warren Industrial LLC | — | Deed · related | $6.9M · Wintrust Bank NA |
| Sep 15, 2016 | — | Ub II M P Pumps LLC | — | Deed · related | $307.6M · Goldman Sachs Mortgage Co |
| Sep 13, 2012 | — | Ub LLC | Nl Ventures Vi Ten Mile Road L | Grant Deed | — |
| Aug 14, 2012 | — | Ub Paragon Tech LLC | — | Deed Of Trust · related | $102.7M · Royal Bank Scotland Plc |
| Mar 21, 2008 | — | Ventures Vi Ten Mile Road L Nl | — | Deed Of Trust · related | $150M · Lasalle National Bank |
| Jan 9, 2008 | — | Ventures Vi Ten Mile Road L Nl | Ducks Property | Grant Deed | — |
| — | — | Ducks Property | — | Deed Of Trust · related | $4M · Independent Bank |
Description
This exceptional 88,857-square-foot warehouse, located at 5775 E. Ten Mile Rd in Warren, Michigan, presents a compelling value-add investment opportunity. Situated on an 8.2-acre lot, this single-story building boasts 30'-33' ceiling heights, providing ample space for various industrial uses. Built in 1956 and renovated in 1996, the property is zoned M-2 and offers 53 parking spaces. Currently vacant, this property presents a blank canvas for redevelopment or repositioning. The property's history includes a long-term tenant, Paragon Technologies, which operated from this location as their headquarters. The below-replacement cost makes this a particularly attractive investment. The absolute net lease structure minimizes landlord responsibilities, and the property's location in a desirable infill area offers significant potential for future growth and expansion. The substantial lot size also allows for potential expansion of the existing building. This is a rare opportunity to acquire a significant industrial asset in a strong Michigan market. The property's address is 5775 E. Ten Mile Rd, Warren, MI 48091, with APN 12-13-20-477-020. Further details are available upon request.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,009,000
- AI Estimate
- $5,009,000
Market price range: $2.53M - $6.32MMarket price range: $2.53M - $6.32M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $4,640,000 Current use
- RESTAURANT
- $7,690,000 Change: +66% Conversion: Difficult
- MEDICAL BUILDING
- $7,180,000 Change: +55% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,940,000 Change: +50% Conversion: Easy
- WAREHOUSE, STORAGE
- $6,000,000 Change: +29% Conversion: Easy
- COMMERCIAL (GENERAL)
- $5,800,000 Change: +25% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0474
- Latitude
- 42.4789
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
