1438 N Crooks Rd - Warehouse FOR SALE


Clawson, MI 48017
$1,999,000 USD
248-568-7358
1438 N Crooks Rd, Clawson, MI for Sale
$1,999,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

1438 N Crooks Rd
Clawson, MI 48017


HIGHLIGHTS

  • 15,000 SF warehouse/office building
  • Warehouse, office, mezzanine, and storage space accommodate various uses
  • Existing rents are well below market, creating substantial income growth potential
  • 79% Occupied – Immediate cash flow with additional leasing and revenue opportunities
  • Month-to-month tenants allow for rapid repositioning and rent adjustments
  • Seven (7) overhead doors and four (4) individual secure storage spaces for vehicles

OVERVIEW

1438 N. Crooks Road presents a rare opportunity to acquire a well-maintained 15,000 SF multi-tenant flex property in one of Oakland County's most desirable commercial corridors. Strategically positioned along Crooks Road with over 30,000 vehicles passing daily, the property combines immediate cash flow with substantial value-add potential through rental rate adjustments, lease restructuring, and occupancy optimization. Currently occupied by eight tenants on predominantly month-to-month leases, the property offers investors a unique opportunity to reposition the asset and bring rents closer to market levels. Existing rental rates are significantly below prevailing market rents, creating an attractive pathway to increased cash flow and long-term appreciation. For owner-users, the flexible configuration provides the ability to occupy a portion of the property while maintaining income from existing tenants or gradually expand operations as space becomes available. The property features a 10,000 SF warehouse component with 20-foot clear heights, seven overhead doors, secure vehicle storage, and a 5,000 SF mezzanine, complemented by approximately 5,000 SF of office space configured into multiple suites. Recent capital improvements, including a newer parking lot, reduce near-term maintenance concerns while enhancing the property's curb appeal and functionality

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.83

LAND SF

36,155

ZONING

BRD-2

APN/PARCEL ID

20-33-101-011

ASK ABOUT THIS PROPERTY

Mark MamassianP.A. Commercial, LLCMore Info
248-568-7358

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Mark MamassianP.A. Commercial, LLCMore Info
248-568-7358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.