Listing Agency: Century 21 AAA North Sterling Heights

Listed By: FAIK YALDO · License #MI Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 3 Last Checked: Sep 5 at 10:19AM

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Investment Insights

Based on property information with market context.

This industrial property is part of a multi-unit commercial building and is currently fully occupied. The site includes newly paved parking and is offered as an investment property with the option to acquire the full offering or purchase units separately.

Located on Michigan Avenue near I-275, the property provides access to a regional highway corridor. A land contract structure is available to qualified buyers.

Key Highlights

• Fully occupied commercial property
• Part of a 3 unit building
• Newly paved parking

Property Analytics

Property Profile

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Pharmacy Nail Salon

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

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

Explore this area Business Placement

Demographics for 48184, MI

17,776

Population

7,739

Households

2.3

Avg Household Size

40

Median Age

16%

College-Educated

88%

High-School Grad

7.2 sq mi

ZIP Area

2,469

Density / Sq Mi

$54,572

Median Household Income

$36,548

Median Earnings

$924

Median Rent

$142,400

Median Home Value

Market

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

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - Occupied commercial space within a multi-unit building near I-275 and Michigan Avenue.

Where is this industrial property located?

The property is located at 38620 Michigan Ave Wayne, MI.

What are key features of this property?

This property features: Fully occupied commercial property; Part of a 3 unit building; Newly paved parking