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Warehouse and Office with Upgrades

1021 E State Fair, Detroit, MI 48203

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For Sale

$249,900

Flexible commercial space with warehouse and office, conveniently located.

Type:Commercial

Property size:

2,000 SF

Price / SF:

$124/SF

HighLights

Prime location just off the highway offering excellent accessibility and logistical convenience.
2000 sq ft warehouse connected to a 967 sq ft office plus basement provides a flexible commercial space.
Significant recent improvements including new windows, upgraded electrical, brand new bathrooms, refreshed flooring, and modern lighting.
Delivered as a clean white box, providing a blank canvas for customization.
Suitable for a wide range of commercial uses, appealing to both investors and owner occupants.
Two parcels offered together at 1021 and 1015 E State Fair.

We can help!

Listing Contact

Haitham Garallah

Learn more

For Sale

$249,900

Flexible commercial space with warehouse and office, conveniently located.

Type:Commercial

Property size:

2,000 SF

Price / SF:

$124/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 3:37 pm

Property Features for 1021 E State Fair

General Information

Standard status: Active
Size: 2,000 SF
Property subtype: Commercial

Building Details

Year Built: 1924

We can help!

Listing Contact

Haitham Garallah

Listing agent Haitham Garallah

Listing office Keller Williams Legacy

Listing date Apr 24, 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 Keller Williams Legacy

HighLights

Prime location just off the highway offering excellent accessibility and logistical convenience.
2000 sq ft warehouse connected to a 967 sq ft office plus basement provides a flexible commercial space.
Significant recent improvements including new windows, upgraded electrical, brand new bathrooms, refreshed flooring, and modern lighting.
Delivered as a clean white box, providing a blank canvas for customization.
Suitable for a wide range of commercial uses, appealing to both investors and owner occupants.
Two parcels offered together at 1021 and 1015 E State Fair.

Overview

Two parcels are offered together, featuring a 2,000 square foot warehouse connected to a 967 square foot office with a basement. The property is located just off the highway, providing accessibility and logistical convenience. Significant improvements have been made, including new windows, upgraded electrical systems, new bathrooms, refreshed flooring, and modern lighting. The space is delivered as a clean white box, allowing for customized design and build-out. The property is suitable for a range of commercial uses and presents potential for investors and owner-occupants. The location has a bike score of 46, indicating it is somewhat bikeable, and a walk score of 55, indicating it is somewhat walkable.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$35.0k	$17.52
− Vacancy	−$8.0k	−$4.01
EGI	$27.0k	$13.51
− OpEx	−$6.8k	−$3.38
NOI	$20.3k	$10.13

2,000 SF · lease $17.52/SF/yr · vacancy 22.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$289.5K

$253.3K – $337.7K (±1% cap)

NOI $20,262 @ 7.0% cap · market cap 8.11%

Second Best

Flex RnD

$205.0K

$179.4K – $239.2K (±1% cap)

NOI $14,352 @ 7.0% cap · market cap 5.74%

Theoretical Best

Office A

$441.2K

$386.1K – $514.8K (±1% cap)

NOI $30,885 @ 7.0% cap · market cap 12.36%

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

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

75 South BBQ — 1141 Seven Mile E, Detroit, MI 48203

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.114525
Latitude: 42.43912

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For sale
Flex space
MI
Detroit
48203
1021 E State Fair

What type of property is this?

Flex space - Flexible commercial space with warehouse and office, conveniently located.

Where is this flex space located?

The property is located at 1021 E State Fair Detroit, MI.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Prime location just off the highway offering excellent accessibility and logistical convenience.; **2000 sq ft warehouse connected to a 967 sq ft office plus basement** provides a flexible commercial space.; **Significant recent improvements including new windows, upgraded electrical, brand new bathrooms, refreshed flooring, and modern lighting.**