Property profile

6902 Chicago Rd Warren, MI 48092

OFF-MARKET
Assisted living facilities
Property ID
US43-1024219
52,997 SF 6.09 ac lot Built 1938
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

The property at 6902 Chicago Rd, Warren, Michigan is a nonprofit-operated behavioral health residential and outpatient facility housed in a two-story, 70,486-square-foot masonry building with a full lower level. Constructed in 1938 and renovated in 1977, it sits on 6.09 acres and is configured to accommodate up to 180 residents, with a 160-bed campus layout. Ceiling heights range from 10 to 12 feet and the interior includes offices, two elevators, conference rooms, restrooms, shower stalls, a commercial kitchen, kitchenette stations, a cafeteria/dining area, and recreational facilities. Exterior grounds include landscaped areas and campus recreation such as a baseball diamond, basketball court, picnic areas, and walking trails. Accessory structures include a maintenance shed, a 2-door garage, and a small house that is not usable. On-site utilities support the facility, and the property has a fire suppressant system, sprinkler system, and generator; the building includes a roof/packaged unit. Access is from Chicago Road, and the site is located north of Twelve Mile Road, south of Chicago Road, east of Mound Road, and west of Van Dyke Avenue, adjacent to the General Motors Tech Center; it lies within the Warren Consolidated school district. Zoning is M2 Medium Light Industrial District, with special permitted uses subject to General Motors review of industrial uses, and a deed restriction applies. The property has potential for uses including healthcare and related facilities such as a psychiatric hospital, substance/drug abuse center, recreational center, and educational center.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1938
Total area 52,997 SF
Lot 6.09 ac (265,106 SF)
Zoning code MZ
APN 12-13-04-451-010
UPID US43-1024219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

6902 Chicago Rd Warren, MI 48092-1686
Warren metro Census 982300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$2.00M

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2016
$2.0M
2009
Price N/A
1969
Price N/A

Zoning & alternative use

MZ · Warren, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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