Industrial Building with Fenced
For Sale
$540,600
20520 Stephens St, St Clair Shores, MI 48080
A secured, gated site includes two bay doors, on-site parking and a 40-foot shipping container for storage.
Property Size4,700 SF
Price / SF$115.02
Days on Market275
Property Features for 20520 Stephens St
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
Empire Realty Group Fawaz & Associates
Listed By:
Hanadi Kabbani · License #408759
(313) 377-2423
Source:
Vmrealestatemichigan
Added: Jan 4
Changed: Oct 1
Last Checked: Oct 5 at 7:19PM
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 Empire Realty Group Fawaz & Associates
Investment Insights
Based on property information with market context.
This industrial property at 20520 Stephens St in St. Clair Shores occupies a secured 0.28-acre site. The building has two bay doors and two restrooms, with a 40-foot shipping container providing additional storage. Recent improvements include a new roof, windows and glass block, an exterior metal door, upgraded wall systems and insulation, and new flooring. Electrical work, interior and exterior paint, and exterior garage lighting are also among the updates. The site is enclosed by fencing and has a new front gate, along with a concrete parking area and added on-site parking.
I-94 provides access from the property. The building dates to 1957.
I-94 provides access from the property. The building dates to 1957.
Key Highlights
- Secured 0.28‑acre industrial site
- Two bay doors and two restrooms
- 40‑foot shipping container for added storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,343
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,860
$506.9K
Cap Rate 7%
$362,043
$362.0K
Cap Rate 9%
$281,589
$281.6K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$38.4K $8.16/SF
− Vacancy
−$2.1K −$0.46/SF
EGI
$36.2K $7.70/SF
− OpEx
−$10.9K −$2.31/SF
NOI
$25.3K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,860
Cap Rate 7%
$362,043
Cap Rate 9%
$281,589
Alternative Uses
Best Use
Industrial
$362.0K
$316.8K – $422.4K
NOI $25,343 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$879.9K
$769.9K – $1.03M
NOI $61,594 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 48080, MI
22,272
Population
11,424
Households
1.9
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
5,062
Density / Sq Mi
$69,884
Median Household Income
$48,837
Median Earnings
$1,070
Median Rent
$188,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - A secured, gated site includes two bay doors, on-site parking and a 40-foot shipping container for storage.
Where is this industrial property located?
The property is located at 20520 Stephens St St Clair Shores, MI.
What is the asking price?
The asking price for this property is $540,600.
What are key features of this property?
This property features: Secured 0.28‑acre industrial site; Two bay doors and two restrooms; 40‑foot shipping container for added storage
