Standalone Industrial Building with
19141 Mt Elliott St, Detroit, MI 48234
1,600 SF industrial building with gated yard and parking.
Type:Industrial
Property size:
1,600 SFPrice / SF:
$71/SF- Added:
- Feb 26, 2026
- Days on Market:
- 85
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 19141 Mt Elliott St
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing agent Kevin Bull License #MI
Listing office P.A. Commercial Corporate & Investment Real Estate
Listing date Feb 26, 2026
Source Crexi
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 P.A. Commercial Corporate & Investment Real Estate
HighLights
- Convenient access to I‑94, I‑75, M‑53/Van Dyke Expressway, and 8 Mile Road
- Zoned B‑2 Local Business, ideal for contractors, small trade companies, workshop use, or secure storage
- Gated driveway and yard with parking for up to 10 vehicles
- 1,600 SF standalone industrial building with 12’W x 10’H overhead door
- Includes restroom, wood‑burning stove, and shop tools/equipment (drill press, air compressor, band saw, grinder)
- Located within Mount Elliott Development District on Detroit's east side, adjacent to railways, Stellantis Tool and Die, Warren Truck Plant
Overview
This standalone 1,600 SF industrial building, constructed in 1951, features a 40' x 40' layout and an 11'7" clear height, with ceiling heights ranging from 14'3" to 14'6" to the decking. It includes a 12’W x 10’H overhead door, a gated driveway and yard with parking for up to 10 vehicles, and a restroom. The building also contains a wood-burning stove and various shop tools and equipment, including a drill press, air compressor, band saw, and grinder. The property is zoned B-2 Local Business and was previously operated as a welding shop, making it suitable for contractors, small trade companies, workshop use, or secure storage. Located on Detroit's east side within the Mount Elliott Development District, the property offers convenient access to major transportation routes, such as I-94 and I-75. It is adjacent to railways, Stellantis Tool and Die, and Warren Truck Plant, with quick access to M-53/Van Dyke Expressway and 8 Mile Road, making it an ideal hub for manufacturing and industrial businesses.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$86.5K
NOI $7,782 @ 9.00% cap · cautious / downside scenario
Moderate
$111.2K
NOI $7,782 @ 7.00% cap · market / base-case scenario
Aggressive
$155.6K
NOI $7,782 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.7k | $7.32 |
| − Vacancy | −$595 | −$0.37 |
| EGI | $11.1k | $6.95 |
| − OpEx | −$3.3k | −$2.08 |
| NOI | $7.8k | $4.86 |
1,600 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$111.2K
$97.3K – $129.7K
NOI $7,782 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.0K
$308.9K – $411.8K
NOI $24,708 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0393394
- Latitude
- 42.4343843
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 1,600 SF industrial building with gated yard and parking.
Where is this manufacturing property located?
The property is located at 19141 Mt Elliott St Detroit, MI.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Convenient access to I‑94, I‑75, M‑53/Van Dyke Expressway, and 8 Mile Road; Zoned B‑2 Local Business, ideal for contractors, small trade companies, workshop use, or secure storage; Gated driveway and yard with parking for up to 10 vehicles
