21550 Groesbeck HwyWarren, MI 48089

For Sale
$750,000

Multi-Tenant Flex Building, 12,164 SF

Overview

Added:
Dec 11, 2024
Days on market:
94
This multi-tenant flex building in Warren, Michigan offers 12,164 square feet of space on a 0.52-acre lot. The property features two units, each with its own showroom/office area. Unit 21550 includes one 9-foot overhead door, while unit 21564 boasts two 9-foot and one 12-foot overhead doors. The building, constructed in 1972, is a two-story structure with a 17-foot ceiling height and is situated on Groesbeck Highway, providing excellent main road frontage. A gated parking lot enhances security. The property is zoned M-1 and includes two income-producing apartments on the second floor. Conveniently located minutes from I-696 and I-94, this property presents a strong investment opportunity. The asking price is $750,000, or $375,000 per unit, with a price per square foot of $61.66. The property's APN is 13-35-334-001, 002, 007. The seller is open to a leaseback arrangement for one of the units.

Highlights

  • Two second-floor apartments included, generating rental income.

Property Details for 21550 Groesbeck Hwy

Property type
Other industrial properties, Flex space
Square Feet
12,164 SF
Year Built
1972
Buildings
1
Stories
2
Lot Size (sq. ft)
22,651 SF
Units
2

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.455384638871
Longitude
-82.997946715926
21550 Groesbeck Hwy, Warren, Michigan

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21550 Groesbeck Hwy
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