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    OFF-MARKET
    Assisted living facilities

    6902 Chicago Rd, Warren, MI 48092-1686

    52,997 SF 6.09 ac lot Built 1938
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US43-1024219
    Property summary
    AI-generated overview

    This exceptional 70,486 square foot mixed-use property, located at 6902 Chicago Road in Warren, Michigan (48092), presents a rare investment opportunity. Built in 1938 and renovated in 1977, this two-story building sits on a substantial 6.09-acre lot and is currently configured as a 160-person behavioral health residential/outpatient facility. The property boasts attractive grounds featuring a baseball diamond, basketball court, and picnic areas, creating a unique and appealing setting. A maintenance shed is conveniently located on-site. The property is zoned "O" and benefits from its proximity to the General Motors Tech Center. The land value is calculated at $107.82 per square foot, reflecting the significant potential of this location. Note that a deed restriction is in place. The asking price for this substantial property is $7,600,000. This presents a compelling opportunity for investors seeking a large-scale property with significant redevelopment potential in a desirable location. The property's size, amenities, and strategic location near the General Motors Tech Center make it a truly unique offering.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Shar Macomb Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Shar Self Help Addiction Reorientat · 10 yrs held
    Shar Self Help Addiction Reorientat
    since 2016
    4 recorded transactions
    2016
    2016
    $2.0M
    2009
    1969
    Zoning & alternative use
    MZ · Warren, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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