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    4500 Biddle Ave Wyandotte, MI 48192

    For Sale
    $1,600,000

    Newly built self-storage facility with value-add potential.

    Lot size:
    0.60 Acres

    Property Features for 4500 Biddle Ave

    General Information

    Lot size
    0.60 Acres

    Building Details

    Year built
    1970

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

    Overview

    Modern Self-Storage Facility For Sale

    Constructed in 2023, this self-storage facility comprises 142 modern storage units. Currently operating with minimal oversight, the facility has achieved 70% occupancy. Opportunities exist for new ownership to enhance value through professional management practices, strategic advertising initiatives, and improved tenant engagement strategies. This property is suited for experienced operators and investors looking to enter the self-storage market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.159063
    Latitude
    42.187395

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    FAQs

    What type of property is this?
    Self storage facility - Newly built self-storage facility with value-add potential.
    Where is this self storage facility located?
    The property is located at 4500 Biddle Ave Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Newly Built in 2023: Modern facility with up-to-date features.; - High Occupancy Rate: Currently operating at 70% occupancy, indicating strong demand.; - Value-Add Potential: Opportunity to increase revenue through professional management, advertising, and tenant engagement.
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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
    4500 Biddle Ave Wyandotte, MI 48192
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