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Industrial Property with Vacant Land
For Lease
$7.95 SF/Yr

5388 Hill 23 Dr, Flint, MI 48507

L-4-zoned industrial property with vacant land positioned to the north.

Space SizeContact for details
Property Size24,920 SF
Days on Market572

Property Features for 5388 Hill 23 Dr

General Information

Standard status Active
Size 24,920 SF
Property subtype Industrial
Zoning L-4

Building Details

Building Size 24,920 SF
Year Built 1965
Buildings 1
Stories 1
Listing Agency: Signature Associates - Southfield
Listed By: Gary Stephens · License #6502124167
Source: Cpix.resimplifi
Added: Feb 6, 2025 Changed: Aug 30 Last Checked: Aug 30 at 6:32PM

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 - Southfield

Investment Insights

Based on property information with market context.

Available for lease, this industrial property contains 24,920 square feet within a building constructed in 1965. The asset is identified as industrial real estate and carries L-4 zoning.

The property includes 1.02 vacant acres located north of the building, adding separate land to the overall offering. The site is at 5388 Hill 23 Dr in Flint, Michigan, with the building and vacant land included in the property information.

Key Highlights

  • 24,920‑square‑foot industrial building
  • 1.02 vacant acres located north of the building
  • L‑4 zoning

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Hair Salon Parking Lot & Garage Kitchen & Bath Showroom Garden Center Furniture & Home Goods Electrical Service

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
$1.19 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

429
Businesses Nearby

Demographics for 48507, MI

30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - L-4-zoned industrial property with vacant land positioned to the north.
Where is this industrial property located?
The property is located at 5388 Hill 23 Dr Flint, MI.
What is the lease rate?
The lease rate is $7.95 SF/Yr.
What are key features of this property?
This property features: 24,920‑square‑foot industrial building; 1.02 vacant acres located north of the building; L‑4 zoning
More about this property
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