Building Details

Building Size 38,561 SF

Year Built 1968

Spaces For Lease

at 23847 Industrial Park Drive Contact us

Full Building $10.50/SF/Yr

Size

38,550 SF

Type

Warehouse/Distribution

Lease Type

NNN

Availability

Immediate

Sublease

No

Renewal Option

Yes

Contact us

Listing Agency: Signature Associates

Listed By: Jeffrey Lemanski Show Phone

Source: Commercialcafe

Added: Jun 25 Changed: Aug 23 Last Checked: Sep 5 at 4:32AM

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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 Signature Associates

Investment Insights

Based on property information with market context.

This industrial warehouse/distribution center is available for lease and is well-suited for day-to-day logistics and storage needs. The property falls within the warehouse and industrial property category and is presented as a commercial real estate offering for tenants seeking an industrial facility.

Located at 23847 Industrial Park Drive in Farmington Hills, Michigan, the site is positioned within an industrial setting, offering a straightforward option for businesses looking to rent an industrial warehouse space.

Additional details such as building specifications, space configuration, and terms were not provided in the available information. For leasing specifics, please contact the listing broker to confirm availability and requirements.

Key Highlights

• Industrial warehouse/distribution facility available for lease
• 23847 Industrial Park Drive, Farmington Hills, MI
• Built in 1968

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Nail Salon Garden Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.58 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

893

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48335, MI

25,618

Population

11,964

Households

2.1

Avg Household Size

36

Median Age

65%

College-Educated

98%

High-School Grad

7.2 sq mi

ZIP Area

3,558

Density / Sq Mi

$96,359

Median Household Income

$66,646

Median Earnings

$1,451

Median Rent

$366,500

Median Home Value

Market

Lease Benchmarks for Farmington Hills, MI

$13.08 /SF/Yr

Avg Asking Price

$7.5–$40.83 /SF/Yr

Price Range

16,282 SF

Avg Space Size

This space is priced 20% below the average of $13.08 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial warehouse/distribution facility available for lease at 23847 Industrial Park Drive in Farmington Hills, MI.

Where is this warehouse located?

The property is located at 23847 Industrial Park Drive Farmington Hills, MI.

What is the lease rate?

The lease rate is $10.50 SF/Yr.

What are key features of this property?

This property features: Industrial warehouse/distribution facility available for lease; 23847 Industrial Park Drive, Farmington Hills, MI; Built in 1968