2125 Riggs Ave - Warehouse FOR SALE


Warren, MI 48091- Southwest Warren
$2,250,000 USD
248-399-9999
2125 Riggs Ave, Warren, MI for Sale
$2,250,000 USD
Warehouse - FOR SALE
1/4
null | 12.81% Cap Rate

2125 Riggs Ave
Warren, MI 48091
Southwest Warren


HIGHLIGHTS

  • Fully occupied industrial investment with two tenants in place.
  • Convenient access to I-696 and I-75 via 10 Mile Road and Dequindre Road.
  • Fenced site supports operational security and controlled access.
  • Two overhead doors accommodate industrial loading operations.
  • Two truck wells provide additional shipping and receiving functionality.
  • Located within an established Metro Detroit industrial corridor.

OVERVIEW

2125 Riggs Avenue presents an opportunity to acquire a fully occupied industrial investment property in Warren, one of Metro Detroit's most established manufacturing and distribution markets. The asset consists of a 16,400-square-foot industrial building that is currently leased to two tenants, providing immediate in-place cash flow and a reported weighted average lease term of 3.75 years. The property is positioned north of 10 Mile Road and east of Dequindre Road, offering convenient access to Interstate 696 and Interstate 75. This location places the asset within a well-established industrial corridor that supports automotive, manufacturing, logistics, and service-related businesses throughout Macomb County and the greater Detroit region. The area's transportation connectivity enhances access to major employment centers, suppliers, and regional distribution routes. Physical improvements include a fenced lot, two overhead doors, and two truck wells that support industrial operations and tenant functionality. The combination of occupancy, transportation access, and loading infrastructure contributes to the property's utility for a variety of industrial users. With two tenants in place and an established operating history, the asset offers investors the opportunity to acquire a stabilized industrial property within a mature Southeast Michigan market.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

12.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

M-2

APN/PARCEL ID

12-13-19-351-017

ASK ABOUT THIS PROPERTY

Alex TokarzDominion Real Estate AdvisorsMore Info
248-399-9999

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

Alex TokarzDominion Real Estate AdvisorsMore Info
248-399-9999

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