Macomb Market Update – February 2019

See the updated stats below.  If you have any questions about the market or general commercial real estate questions please let me know. We have a couple of listings that you may have some interest in.

  • Fully leased industrial building(52,000 SF) with over a 12% CAP rate.  $75,000 yearly income after expenses. Price: $625,000
  • 5 acres of paved, gated and fenced yard space in Marysville, MI.  $2,000/month lease or for sale for $200,000.  Zoned industrial, heavy trucks wont be a problem.
  • Convenience Store with residential house: Price: $225,000, all real estate, liquor license, house, inventory, pizza ovens, wall in cooler included.  $330,000 2018 sales.

If you want to hear more about these listing or any others please let me know and I will send more info onto you.

This email is provided as a service to clients, colleagues, and friends of the Pilot Property Group. Let us know if you need any other detailed research or market specific information. And, as always, let us know how we can help with any pending needs or vacancies.

We have more buyers than properties available for both user’s and investors in Macomb County.  If you have ever wondered the current value of any of your buildings please let me know the address and I will conduct a broker opinion of value and help you get a better idea of the true value in today’s market.


Vacancy and Rental Rates

Macomb Industrial Space     1.8% Vacant         $6.69 per SF Average Rental Rate

Macomb Office Space           7.1% Vacant         $17.25 per SF Average Rental Rate

Macomb Retail Space           4.9% Vacant          $15.03 per SF Average Rental Rate

For Sale Asking Rate Average

Macomb Industrial Space     $58  per SF

Macomb Office Space          $88 per SF

Macomb Retail Space           $134 per SF

Best Regards,
Justin Francek
Senior Associate
Cell:  586-227-9515
Office: 586-254-0900

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