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Property profile & analytics
OFF-MARKET
Retail space

11201 Morang Dr Detroit, MI 48224-1704

11,080 SF 0.18 ac lot Built 1950
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-0358061
Property summary
AI-generated overview

This 11,080 square foot industrial warehouse, situated on a 0.18-acre lot in Detroit, MI, at 11201 Morang, presents a compelling investment opportunity. Ideally located on the border of Grosse Pointe Woods, this property benefits from excellent visibility and accessibility. Currently configured as a tire shop and storage facility, the building's versatile layout allows for a variety of commercial uses. Recent upgrades include a brand-new roof and completely new electrical wiring, significantly reducing upfront capital expenditures for the new owner. The existing infrastructure provides a solid foundation for immediate occupancy or customization to suit specific business requirements. The property's prime location offers easy access to major transportation routes, enhancing logistical efficiency for businesses relying on efficient distribution networks. This is an exceptional chance to acquire a well-maintained industrial space in a thriving area, offering significant potential for growth and return on investment. The asking price for this exceptional property is $275,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 11,080 SF
Lot 0.18 ac (7,841 SF)
Zoning code B4
APN 21076923.002L
UPID US43-0358061
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cheaptire LLC · 4 yrs held
Cheaptire LLC
since 2022
Last sale
$130,000
3 recorded transactions
2022
$130,000
2014
$30,000
2014
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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