Building Details

Building Size 56,295 SF

Year Built 1982

Buildings 1

Stories 1

Listing Agency: Signature Associates - Southfield p***@signatureassociates.com Show Phone

Listed By: Paul S. Hoge · License #6502127881 Show Phone

Source: Cpix.resimplifi

Added: Feb 7, 2024 Changed: Aug 31 Last Checked: Aug 31 at 2:26AM

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Investment Insights

Based on property information with market context.

Built in 1982, this industrial facility includes ventilation fans, an interior updated in 2014, and a roof installed in 2018. The property is located at 1410 Allen Drive in Troy, Michigan, with LT. INDUSTRIAL zoning.

An additional 4 acres behind the facility is also available and fronts Stephenson Highway. The main property size is listed as 56,295, with the source data not specifying a unit for that measurement.

Key Highlights

• 56,295 property size listed
• LT. INDUSTRIAL zoning
• Ventilation fans included

Property Analytics

Property Profile

Current Use

Witzenmann USA Warehouse & Storage

Suggested Use

Top Pick Parking Lot & Garage Restaurant Grocery & Convenience Store Spa & Massage Center Hair Salon (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,039

Businesses Nearby

Explore this area Business Placement

Demographics for 48083, MI

24,074

Population

10,437

Households

2.3

Avg Household Size

41

Median Age

53%

College-Educated

91%

High-School Grad

8.6 sq mi

ZIP Area

2,799

Density / Sq Mi

$88,551

Median Household Income

$53,204

Median Earnings

$1,277

Median Rent

$293,300

Median Home Value

Market

Lease Benchmarks for Troy, MI

$11.62 /SF/Yr

Avg Asking Price

$8.75–$16.95 /SF/Yr

Price Range

21,194 SF

Avg Space Size

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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Frequently Asked Questions

What type of property is this?

Industrial property - The facility carries LT. INDUSTRIAL zoning and includes ventilation fans.

Where is this industrial property located?

The property is located at 1410 Allen Drive Troy, MI.

What are key features of this property?

This property features: 56,295 property size listed; LT. INDUSTRIAL zoning; Ventilation fans included