Flex Space with Fenced
For Sale
$1,300,000
10441 Lyndon St, Detroit, MI 48238
M4-zoned commercial space includes overhead doors and a secured yard for storage and operational needs.
Property Size6,000 SF
Price / SF$216.67
Days on Market51
Property Features for 10441 Lyndon St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Zoning
M4
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
6,000 SF
Listing Agency:
Colliers
Listed By:
Ryan Ferris
(248) 540-1000
Source:
Cpix.resimplifi
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 19 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
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Investment Insights
Based on property information with market context.
This 6,000 SF flex property combines enclosed commercial space with overhead doors and a secure fenced yard. The M4 zoning designation supports the property’s stated industrial-oriented configuration and storage component.
Located at 10441 Lyndon St in Detroit, the property provides access to I-96, M-10, and the Davison Freeway. The existing layout and yard are identified for trucking, fleet parking, equipment storage, and contractor operations.
Located at 10441 Lyndon St in Detroit, the property provides access to I-96, M-10, and the Davison Freeway. The existing layout and yard are identified for trucking, fleet parking, equipment storage, and contractor operations.
Key Highlights
- 6,000 SF flex property with overhead doors
- Secure fenced yard for outside storage and fleet parking
- M4 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,056
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,120
$861.1K
Cap Rate 7%
$615,086
$615.1K
Cap Rate 9%
$478,400
$478.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$72.0K $12.00/SF
− Vacancy
−$5.8K −$0.96/SF
EGI
$66.2K $11.04/SF
− OpEx
−$23.2K −$3.86/SF
NOI
$43.1K $7.18/SF
Area
Detroit, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,120
Cap Rate 7%
$615,086
Cap Rate 9%
$478,400
Alternative Uses
Best Use
Flex RnD
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 3.31%
Second Best
Warehouse
$610.8K
$534.4K – $712.6K
NOI $42,755 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,654 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Flex space - M4-zoned commercial space includes overhead doors and a secured yard for storage and operational needs.
Where is this flex space located?
The property is located at 10441 Lyndon St Detroit, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,000 SF flex property with overhead doors; Secure fenced yard for outside storage and fleet parking; M4 zoning designation
