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    5151 Loraine St Detroit, MI 48208

    For Lease
    $7 SF/Yr

    Warehouse space with showroom and office in Detroit, MI.

    Property size:
    39,087 SF
    Lot size:
    1.05 Acres

    Property Features for 5151 Loraine St

    General Information

    Size
    39,087 SF
    Lot size
    1.05 Acres

    Source: Edison Brokers + Co. Agent Jeremy Veenstra

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse with Showroom and Office

    This property features 30,342 square feet of warehouse space, a 3,745-square-foot showroom, and 5,000 square feet of second-floor office space. The warehouse has 20-foot ceilings, two overhead drive-in doors, one dock, and a wash bay with in-floor drainage. Additional office space is available in the building, but it requires extensive updates and renovations. The total property size is 39,087 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Detroit Training Center ... Trade School Cooking with Cocktails Cooking Class

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Iron Mountain, Stashable - Detroit storage w/pick up and delivery, MC3 | Motor City Car Club

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0939774
    Latitude
    42.3490914

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    FAQs

    What type of property is this?
    Warehouse - Warehouse space with showroom and office in Detroit, MI.
    Where is this warehouse located?
    The property is located at 5151 Loraine St Detroit, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Substantial warehouse space with 20’ ceilings: 30,342 SF.; - Showroom (3,745 SF) and second-floor office space (5,000 SF) included.; - Features a wash bay with in-floor drainage.
    (616) 690-3985
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5151 Loraine St Detroit, MI 48208
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