1482 Adelaide St, Detroit, MI 48207
Seven-story, 37,504 SF warehouse suitable for adaptive reuse.
- Added:
- Mar 12, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 7:38 am
Property Features for 1482 Adelaide St
General Information
- Standard status
- Active
- Size
- 37,504 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing office O'Connor Real Estate (313) 963-9891
Listing date Mar 12, 2026
Source Elliman
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HighLights
- Prime location in the heart of Eastern Market, Detroit.
- Ideal for adaptive reuse conversion into creative office space or residential lofts.
- Development‑ready condition due to current owner's maintenance.
- Open floor plan and high ceilings create a versatile space.
- Part of a monumental collection of properties for sale, offering flexibility in acquisition.
- Substantial size: 37,504 square feet across seven stories.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.5k | $8.76 |
| − Vacancy | −$14.1k | −$0.38 |
| EGI | $314.4k | $8.38 |
| − OpEx | −$47.2k | −$1.26 |
| NOI | $267.2k | $7.13 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Eastern Market Cold Storage Co — 2531 Riopelle St, Detroit, MI 48207
- Egro-Stroh — 1000 Maple St, Detroit, MI 48207
- MI Frozen Food, LLC — 1820 Mack Ave, Detroit, MI 48207
- Hired Muscle Logistics, Labor and Moving — 2200 Hunt St Suite 478, Detroit, MI 48207
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.039
- Latitude
- 42.3469