Warren, Michigan, offers a diverse range of Retail Properties for sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and strategic location. As the largest community in Macomb County and Detroit's largest suburb, Warren provides a unique blend of industrial, commercial, and residential areas, making it an ideal location for retail businesses. Retail Properties in Warren can represent a variety of investments, from strip centers and shopping plazas to freestanding retail buildings and restaurants. With its rich history, diverse demographics, and strong infrastructure, Warren is an excellent place to invest in a Retail Property. The city's amenities, including the St. John Providence Health System, the Warren Department of Parks and Recreation, and the Warren Symphony Orchestra, make it an attractive location for businesses and residents alike. Additionally, Warren's proximity to Detroit and its major highways, such as I-696 and M-53, provide easy access to the surrounding region, making it an ideal location for businesses that rely on transportation and logistics.
With 18 Retail Properties for sale in Warren, investors have a wide range of options to choose from. The average price per square foot for Retail Properties in Warren is $139 USD, with an average size of 8,514 square feet. The largest Retail Property available in Warren spans 29,368 square feet. In addition to Retail Properties, Warren also offers a range of other property types, including Shopping Centers, with their mix of local and national retailers; Restaurants, serving a diverse range of cuisines; Office Properties, providing space for businesses of all sizes; and Hotels, catering to the city's many visitors. With its strong economy, diverse amenities, and strategic location, Warren is an excellent place to invest in a Retail Property or explore other property types.
What is the average cap rate for retail properties in Warren?
For investors seeking retail properties in Warren, Michigan, it's essential to understand the average cap rate to make informed decisions. According to current listings, the average cap rate for retail properties in Warren is 8.9%, which can help investors gauge the potential return on investment; to learn more about how this rate is calculated, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Warren, Michigan, the location and foot traffic of retail properties play a significant role in determining their values. Properties situated near major highways like I-696 and M-53, and those with high foot traffic in areas like the General Motors Technical Center and the United States Army Detroit Arsenal, tend to have higher values due to increased visibility and accessibility, which can attract more customers and drive business growth.
