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$699,900
Est. payment /mo
43,848 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 43,848 sqft
Price per Sqft $15
MLS Listing ID 60950827
Annual Tax Amount $30,575
Lot Size 1.780 Acres
Acres 1.78
Lot Dimensions 567x140
Property Sub-Type Commercial/Industrial
Property Description
Unlock the potential of this expansive 44,000 square foot industrial building, located in the heart of Detroit's industrial corridor and priced at well below market value - under $16 PSF. Whether you're seeking a long-term investment, redevelopment opportunity, or a versatile space for your own operations, this property delivers both functionality and upside. Key Features: 44,000 SF of flexible, subdividable industrial space 13' ceiling height clearance Private, fully fenced lot with new automated security gates Newly upgraded electrical system Firewalled multi-unit layout allows for multi-tenant income or full reconfiguration into a single expansive space Centrally located with immediate access to major highways, downtown Detroit, and the Canada border Incredible Value-Add Investment Opportunity This property is a rare find at less than $16 per square foot, making it one of the most competitively priced industrial assets in the Detroit market. Add value by leasing out individual bays or repositioning the property as a self-storage facility, warehouse distribution hub, or specialized processing space. The low price per foot leaves plenty of room for capital improvements while still keeping your basis far below market average. Positioned in an area seeing industrial resurgence - strong growth potential and urban logistics demand. Ideal Uses Include: Self-Storage Facility Warehouse / Distribution Manufacturing / Processing Commercial Commissary / Production Kitchen Auto Repair, Trucking, Collision Center Multi-Tenant Industrial Portfolio Location Highlights: Minutes from I-96, I-94, M-10, and Downtown Detroit Easy cross-border access to Canada via Ambassador Bridge Excellent for last-mile distribution or urban logistics
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial,Industrial
Interior
Heating Forced Air, Space Heater
Exterior
Roof Type Rubber
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional
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Listed by Realty Executives Home Towne
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