Industrial Building in Mount
For Sale
$1,260,000
19430 Mount Elliott St, Detroit, MI 48234
14,000 SF industrial building for sale or lease.
Property Size14,000 SF
Lot Size1.40 Acres
Price / SF$90
Days on Market194
Property Features for 19430 Mount Elliott St
General Information
Standard status
Active
Size
14,000 SF
Lot size
1.40 Acres
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
14,000 SF
Year Built
1950
Year Renovated
2011
Listing Agency:
P.A. Commercial
Listed By:
Kevin Bull
(258) 358-5361
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 5 at 3:37PM
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 P.A. Commercial
Investment Insights
Based on property information with market context.
This impressive 14,000 SF industrial building is located in the heart of the Mount Elliott Development District. Situated on 1.4 acres, the property features easy access, two truck docks, and one grade-level overhead door. A hi-lo forklift is available. The property offers ample parking with at least 30 spaces in the front, and significant room for parking and outside storage in the back. The property is fully fenced and zoned M4 Industrial. The building includes LED lighting and ceiling heights ranging from 12 to 20 feet. It is equipped with three-phase power. The building is located on Detroit's east side near Mound Road and 7 Mile, inside the Mount Elliott Development District. It is adjacent to railways, the FCA Warren Stamping Plant, and the Warren Truck Plant, with quick access to M-53/Van Dyke Expressway and 8 Mile Road. The building has a current tenant who can vacate within a few months.
Key Highlights
- 14,000 SF industrial building in Mount Elliott Development District.
- Easy access on 1.4 acres with ample parking and outside storage.
- Zoned M4 Industrial with 2 truck docks and 1 grade‑level overhead door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,092
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,840
$1.4M
Cap Rate 7%
$972,743
$972.7K
Cap Rate 9%
$756,578
$756.6K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$102.5K $7.32/SF
− Vacancy
−$5.2K −$0.37/SF
EGI
$97.3K $6.95/SF
− OpEx
−$29.2K −$2.08/SF
NOI
$68.1K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,840
Cap Rate 7%
$972,743
Cap Rate 9%
$756,578
Alternative Uses
Best Use
Industrial
$972.7K
$851.2K – $1.13M
NOI $68,092 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,192 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Industrial property - 14,000 SF industrial building for sale or lease.
Where is this industrial property located?
The property is located at 19430 Mount Elliott St Detroit, MI.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 14,000 SF industrial building in Mount Elliott Development District.; Easy access on 1.4 acres with ample parking and outside storage.; Zoned M4 Industrial with 2 truck docks and 1 grade‑level overhead door.
