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Industrial Multi-Building with Multiple Cranes
For Sale
$2,400,000

18881 Sherwood St, Detroit, MI 48234

Two industrial buildings totaling 52,291 sq. ft., featuring multiple overhead crane capacities for material handling.

Property Size52,291 SF
Price / SF$45.90
Days on Market125

Property Features for 18881 Sherwood St

General Information

Standard status Active
Size 52,291 SF
Total Parking Spaces 35
Property subtype Industrial
Zoning M4

Building Details

Building Size 52,291 SF
Year Built 1977
Listing Agency: Signature Associates - Southfield
Listed By: Steven G. Gordon
Source: Cpix.resimplifi
Added: May 6 Changed: Aug 8 Last Checked: Sep 7 at 4:39AM

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.

This industrial property includes two separate buildings with a combined size of 52,291 sq. ft. The facility is equipped with multiple overhead cranes, including two 2-ton units and several 5-ton, 10-ton, and 20-ton crane options. Crane spans are listed at various widths, including 47'-4-5/8", 57'-4", and 51'-0", providing flexibility for different layouts and lift needs.

The buildings are located at 18881 Sherwood St in Detroit, Michigan. The seller indicates the property can be purchased as part of a larger portfolio totaling 133,241 sq. ft. and 11.988 acres, or it may be acquired individually.

As presented, the asset offers a multi-building industrial configuration with built-in overhead crane capacity, supporting operations that require in-facility lifting and material movement.

Key Highlights

  • Two industrial buildings totaling 52,291 sq. ft.
  • Year built: 1977.
  • Building size includes 45,000 sq. ft. plus 7,291 sq. ft.

Property Analytics

Current Use

Alro Steel Processing, ... Factory

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 48234, MI

31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value

Market

Vacancy Rate% for Industrial in Detroit, MI

3% 2019
4.2% 2020
2.5% 2021
2.4% 2022
3% 2023
3.4% 2024
3.7% 2025
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Two industrial buildings totaling 52,291 sq. ft., featuring multiple overhead crane capacities for material handling.
Where is this manufacturing property located?
The property is located at 18881 Sherwood St Detroit, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two industrial buildings totaling 52,291 sq. ft.; Year built: 1977.; Building size includes 45,000 sq. ft. plus 7,291 sq. ft.
More about this property
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