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Detroit Industrial Flex Space For Sale

13501 Auburn St Detroit, MI 48223

Claim this Listing
For Sale
$650,000

Versatile industrial property with income, ideal for investors/owner-users.

Type:Commercial
Property size:
10,000 SF
Lot size:
0.44 Acres
Price / SF:
$65/SF
Added:
Mar 31, 2026
Days on Market:
104
Last Refresh:
Jul 2 at 7:21 am

Property Features for 13501 Auburn St

General Information

Standard status
Active
Size
10,000 SF
Lot size
0.44 Acres
Property subtype
Commercial

Building Details

Year Built
1964

Listing office RE/MAX Leading Edge

Listing date Mar 31, 2026

Source Elliman

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 RE/MAX Leading Edge


Investment Insights

Based on property information with market context.

This industrial property, located on a well-positioned industrial corridor in Detroit, features three buildings totaling over 10,000 square feet of flexible space. The property is suitable for a variety of industrial or specialized uses. The main building is equipped with 400-amp, 3-phase electrical service, multiple bathrooms, and floor drains. The property is well-suited for MMFLA cultivation and/or processing licenses. The sale includes the adjacent property at 13503 Auburn, adding further value and functionality. The property is currently tenant-occupied, generating $5,600 per month on a NNN lease, which expires in July 2027. The landlord is responsible for taxes on 13503 Auburn, while the tenant covers taxes for 13501 Auburn. This property is ideal for both owner-users and investors seeking a versatile, income-producing industrial asset.

Key Highlights

  • Generates $5,600/month income on a NNN lease expiring in July 2027.
  • Includes adjacent property at 13503 Auburn, adding value and functionality.
  • Three buildings totaling over 10,000 square feet of flexible space.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $73.2k $7.32
− Vacancy −$3.7k −$0.37
EGI $69.5k $6.95
− OpEx −$20.8k −$2.08
NOI $48.6k $4.86
10,000 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%

Alternative Uses

Best Use
Flex RnD
$1.03M
$897.0K – $1.20M (±1% cap)
NOI $71,760 @ 7.0% cap · market cap 11.04%
Second Best
Industrial
$694.8K
$608.0K – $810.6K (±1% cap)
NOI $48,637 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M (±1% cap)
NOI $154,423 @ 7.0% cap · market cap 23.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Dental Office Spa & Massage Center Restaurant Building Supply Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Electrical Service

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

Similar Off Market Nearby

  • Culinary Associates — 18200 W Chicago, Detroit, MI 48228
  • Ohh Taste and See Catering and Decorating Services — 9647 Vaughan St, Detroit, MI 48228

FAQs

What type of property is this?
Flex space - Versatile industrial property with income, ideal for investors/owner-users.
Where is this flex space located?
The property is located at 13501 Auburn St Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Generates $5,600/month income on a NNN lease expiring in July 2027.; Includes adjacent property at 13503 Auburn, adding value and functionality.; Three buildings totaling over 10,000 square feet of flexible space.
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