Renovated Industrial
20520 Stephens Street St Clair Shores, MI 48080
20520 Stephens Street, St Clair Shores, MI, 48080
$545,900
For Sale
$545,900
Newly renovated industrial building offers two restroom facilities, two loading bays, and a fenced, secured yard.
Property Size5,000 SF
Lot Size0.28 Acres
Price / SF$109.18
Days on Market213
Property Features for 20520 Stephens Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.28 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1957
Listing agency
Empire Realty Group Fawaz & Associates
(313) 377-2423
Listed by
Hanadi Kabbani · License #6501408759
(313) 377-2423
Source
Xome
Added: Dec 20, 2025 Updated: Jul 20 at 7:17PM Checked: Jul 21 at 3:12AM
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 newly renovated industrial warehouse includes two restroom areas and two bay doors for loading and access. The building has undergone extensive recent capital improvements such as a new roof, upgraded electrical and lightning protection, insulation, new flooring, and new windows and glass block. Additional updates include new exterior doors, upgraded wall systems, fresh interior and exterior paint, and exterior garage lighting.
The property sits on a secured 0.28-acre site with a concrete parking lot and an on-site fenced yard featuring a new front gate. A 40-foot shipping container is included for added storage.
The combination of loading access, renovated interior and exterior systems, and secured outdoor storage supports practical use for an owner-user or contractor looking for a move-in ready industrial facility.
The property sits on a secured 0.28-acre site with a concrete parking lot and an on-site fenced yard featuring a new front gate. A 40-foot shipping container is included for added storage.
The combination of loading access, renovated interior and exterior systems, and secured outdoor storage supports practical use for an owner-user or contractor looking for a move-in ready industrial facility.
Key Highlights
- Approximately 5,000 SF newly renovated industrial building
- 0.28‑acre secured site with fenced yard and new front gate
- Two restroom facilities and guest facilities count listed as 3
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $8.16 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $38.5k | $7.70 |
| − OpEx | −$5.8k | −$1.16 |
| NOI | $32.7k | $6.55 |
5,000 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$467.7K
$409.2K – $545.6K
NOI $32,738 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$936.1K
$819.1K – $1.09M
NOI $65,526 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 20355 E 9 Mile Rd, St Clair Shores, MI 48080
- Michigan Marine Gear — 20610 Stephens Rd, St Clair Shores, MI 48080
- Premium Self Storage — 22901 W Industrial Dr, St Clair Shores, MI 48080
- Public Storage — 20250 E 9 Mile Rd, St Clair Shores, MI 48080
- Self-Storage at U-Haul — 24145 Little Mack Ave, St Clair Shores, MI 48080
FAQs
What type of property is this?
Warehouse - Newly renovated industrial building offers two restroom facilities, two loading bays, and a fenced, secured yard.
Where is this warehouse located?
The property is located at 20520 Stephens Street St Clair Shores, MI.
What is the asking price?
The asking price for this property is $545,900.
What are key features of this property?
This property features: Approximately 5,000 SF newly renovated industrial building; 0.28‑acre secured site with fenced yard and new front gate; Two restroom facilities and guest facilities count listed as 3
