Flex Building with Overhead
12525 Grand River Ave, Detroit, MI 48204
For Sale
New
$149,900
A fenced side yard provides space for parking or outdoor storage alongside a wide-open interior.
Property Size2,815 SF
Days on Market2
Property Features for 12525 Grand River Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Corner Location
Road Access
Fenced Yard
Outdoor Storage
Additional Details
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Amenities
overhead garage door
fenced side yard
Building Details
Building Size
Year Built
Buildings
Construction
Listed By:
Emad Islam
(313) 362-4480
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Emad Islam
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Investment Insights
Based on property information with market context.
This 1956 flex building has an open interior, masonry block walls, steel truss framing and an overhead door for vehicle or equipment access. A fenced side yard offers additional parking or outdoor storage. The property requires substantial renovation, including work to the roof, ceiling and mechanical systems, and is being sold as-is.
The corner-lot site fronts Grand River Avenue in Detroit. Potential applications noted for the property include contractor operations, storage, light service, or a retail and workshop combination, subject to city zoning and approvals.
The corner-lot site fronts Grand River Avenue in Detroit. Potential applications noted for the property include contractor operations, storage, light service, or a retail and workshop combination, subject to city zoning and approvals.
Key Highlights
- Wide‑open interior with masonry block walls and steel truss framing
- Overhead garage door for vehicle or equipment access
- Fenced side yard for parking or outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,691
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,820
$273.8K
Cap Rate 7%
$195,586
$195.6K
Cap Rate 9%
$152,122
$152.1K
Market Conditions
NOI Build-Up for 2,815 SF
Gross rent
$20.6K $7.32/SF
− Vacancy
−$1.0K −$0.37/SF
EGI
$19.6K $6.95/SF
− OpEx
−$5.9K −$2.08/SF
NOI
$13.7K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,820
Cap Rate 7%
$195,586
Cap Rate 9%
$152,122
Alternative Uses
Best Use
Flex RnD
$288.6K
$252.5K – $336.7K
NOI $20,200 @ 7.0% cap · market cap 13.48%
Second Best
Warehouse
$286.6K
$250.7K – $334.3K
NOI $20,059 @ 7.0% cap · market cap 13.38%
Theoretical Best
Office A
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 29.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Detroit, MI
Properties on Market for Flex space in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Flex space - A fenced side yard provides space for parking or outdoor storage alongside a wide-open interior.
Where is this flex space located?
The property is located at 12525 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Wide‑open interior with masonry block walls and steel truss framing; Overhead garage door for vehicle or equipment access; Fenced side yard for parking or outdoor storage
