Warehouse with Loading
For Sale
$1,627,000
1600 E 10 Mile Rd, Hazel Park, MI 48030
Industrial-zoned warehouse with grade-level loading, interior docks, and finished office space.
Property Size20,427 SF
Price / SF$79.65
Days on Market162
Property Features for 1600 E 10 Mile Rd
General Information
Standard status
Active
Size
20,427 SF
Total Parking Spaces
40
Property subtype
Industrial
Zoning
M-1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
2
Building Details
Building Size
20,427 SF
Listing Agency:
Colliers
Listed By:
Peter J. Kepic
(248) 226-1842
Source:
Cpix.resimplifi
Added: May 7
Changed: Oct 5
Last Checked: Oct 14 at 7:37PM
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 Colliers
Investment Insights
Based on property information with market context.
This 20,427-square-foot warehouse was built in 1949 and includes two grade-level doors, two interior loading docks, and a finished second-floor office area. The property also provides 40 parking spaces and is designated for industrial use.
Located on Ten Mile Road, the building offers direct access to I-696 and I-75, with exposure along the main road. Its combination of warehouse functionality, office space, loading infrastructure, and highway connectivity supports a range of industrial operations.
Located on Ten Mile Road, the building offers direct access to I-696 and I-75, with exposure along the main road. Its combination of warehouse functionality, office space, loading infrastructure, and highway connectivity supports a range of industrial operations.
Key Highlights
- 20,427‑square‑foot warehouse built in 1949
- Two grade‑level doors and two interior loading docks
- Finished second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,896
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,457,920
$2.5M
Cap Rate 7%
$1,755,657
$1.8M
Cap Rate 9%
$1,365,511
$1.4M
Market Conditions
NOI Build-Up for 20,427 SF
Gross rent
$150.1K $7.35/SF
− Vacancy
−$5.6K −$0.27/SF
EGI
$144.6K $7.08/SF
− OpEx
−$21.7K −$1.06/SF
NOI
$122.9K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,457,920
Cap Rate 7%
$1,755,657
Cap Rate 9%
$1,365,511
Alternative Uses
Best Use
Warehouse
$1.76M
$1.54M – $2.05M
NOI $122,896 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.41M
$3.86M – $5.14M
NOI $308,415 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse with grade-level loading, interior docks, and finished office space.
Where is this warehouse located?
The property is located at 1600 E 10 Mile Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $1,627,000.
What are key features of this property?
This property features: 20,427‑square‑foot warehouse built in 1949; Two grade‑level doors and two interior loading docks; Finished second‑floor office space
