23404 Sherwood Avenue Warren, MI $ 3,475,000
23404 Sherwood Avenue
$ 3,475,000
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23404 Sherwood Avenue

Warren, MI, 48091
$ 3,475,000
Bedrooms-- Baths-- Sq 12,000

Monthly Estimate*

$ 21,396

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Commercial Property for sale in Warren, MI

for $3,475,000. This 12,000 square foot building was built in 1948 on a lot size of 0.23.

The building is occupied by a long-established electrical contracting company that is included in the sale. The business has operated successfully for more than 30 years and is well known in the market. Annual revenue typically averages approximately $3,000,000, supported by a steady pipeline of commercial and industrial work. Project sizes generally range from $200,000 to $4,000,000. Commercial experience includes hotels, restaurants, shopping centers, and similar facilities. The sale includes the entire business and all associated assets, including trade names, furniture, fixtures, equipment, tools, inventory, and vehicles. The company works with numerous local developers and maintains strong, ongoing relationships within the market. The real estate includes a 12,000-square-foot warehouse with approximately 2,000 square feet of office space. Portions of the office and warehouse may be leased at the buyer’s option. Also included are two additional parcels at 6726 Lozier and 6725 Lozier, the latter being a fenced parking lot located directly across the street. This is a highly desirable location.

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Commercial Active

Price

$ 3,475,000

Property Type

Commercial

Taxes

$ 11,318

Style

BusinessandRealEstate

Lot Size

0.23

Year Built

1948

Town/City

Warren

County/Region

Macomb

MLS | Web ID

20261000222

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession Negotiable
Roof Rubber
Garage Spaces 0.0
Construction Materials Block SteelSiding
Year Built 1948
Levels Two
Property Subtype BusinessandRealEstate
Current Use Office Service Warehouse
Business Type Industrial Service
County Macomb
Net Operating Income 395000.0
Operating Expense 2105000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name SHERWOOD PARK
Garage Y/N N
Building Features Doors1015ft OverheadDoors OutsideLighting Sidewalks
Status Active
Directions EAST ON 9 MILE TO NORTH ON SHERWOOD
City WarrenCity_Macomb
Senior Community Y/N N
High School District CenterLine
Zoning Description LightIndustry
MLS Area Area03131Warren
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 11318.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 160412
Expected Active Date 2026-01-06
Legal Description SHERWOOD PARK LOT 1 TO 5 INCL; INCLUDING 1/2 VAC ALLEY ADJ REAR L8 P95
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Exterior
Parking Features Lighted ParkingLot OnStreet
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 12612.0
Lot Dimensions 100X100
Lot Size Acres 0.23
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 12000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 23404
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* Excluded Features
List By
Ernest L Gavrilides

Listing Agent

Real Estate One

Broker

(248) 625-0200

Phone

Affordability Calculator

$22,339
Per Month
96%
4%
0%
Monthly Principal & Interest
$21,396
Monthly Property Taxes
$943
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909687 Elementary School
4909183 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/6/2026$3,475,000 Listed Price

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23404 Sherwood Avenue, Warren, MI, 48091 is a Commercial Property for sale at $3,475,000 with 12,000 sqft and a lot size of 0.23. 23404 Sherwood Avenue was built in 1948. The property's zip code is 48091 which is in Warren, MI