Renovated Industrial
20520 Stephens Street St Clair Shores, MI 48080
20520 Stephens Street, St Clair Shores, MI, 48080
$545,800
For Sale
$545,800
Newly renovated warehouse with fenced yard, two restrooms, and two bay doors, plus extensive recent capital improvements.
Property Size4,700 SF
Lot Size0.28 Acres
Price / SF$116.13
Days on Market197
Property Features for 20520 Stephens Street
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Lot size
- 0.28 Acres
- Property subtype
- 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
Sabudarealty
Added: Jan 6 Updated: Jul 22 at 9:37AM Checked: Jul 22 at 9:37AM
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 offers approximately 4,700 square feet and features two restrooms and two bay doors. The building includes a fenced yard with a new front gate and an on-site concrete parking lot. Additional storage is provided by a 40-foot shipping container on the secured site.
Recent capital improvements are extensive and include a new roof, upgraded wall systems and insulation, new flooring, fresh interior and exterior paint, new windows and glass block, a new exterior metal door, upgraded exterior garage lighting, and electrical lightning. The property sits on a secured 0.28-acre site, designed to support owner-user and contractor use.
The facility’s current configuration includes enclosed warehouse space with functional loading access via two bay doors, supplemented by exterior storage and dedicated parking.
Recent capital improvements are extensive and include a new roof, upgraded wall systems and insulation, new flooring, fresh interior and exterior paint, new windows and glass block, a new exterior metal door, upgraded exterior garage lighting, and electrical lightning. The property sits on a secured 0.28-acre site, designed to support owner-user and contractor use.
The facility’s current configuration includes enclosed warehouse space with functional loading access via two bay doors, supplemented by exterior storage and dedicated parking.
Key Highlights
- Newly renovated industrial building built in 1957 with ~5,000 SF warehouse space
- 0.28‑acre secured site with fenced yard and new front gate
- Two restrooms and two bay doors for flexible warehouse access
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 | $38.4k | $8.16 |
| − Vacancy | −$2.1k | −$0.46 |
| EGI | $36.2k | $7.70 |
| − OpEx | −$5.4k | −$1.16 |
| NOI | $30.8k | $6.55 |
4,700 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$439.6K
$384.7K – $512.9K
NOI $30,774 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$879.9K
$769.9K – $1.03M
NOI $61,594 @ 7.0% cap · market cap 11.29%
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 warehouse with fenced yard, two restrooms, and two bay doors, plus extensive recent capital improvements.
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 $545,800.
What are key features of this property?
This property features: Newly renovated industrial building built in 1957 with ~5,000 SF warehouse space; 0.28‑acre secured site with fenced yard and new front gate; Two restrooms and two bay doors for flexible warehouse access
