Industrial Building with Fenced
For Sale
$565,000
20561 Dwyer St, Detroit, MI 48234
M4 zoning permits outdoor storage, with a paved yard supporting exterior operations.
Property Size9,198 SF
Price / SF$61.43
Days on Market12
Property Features for 20561 Dwyer St
General Information
Standard status
Active
Size
9,198 SF
Property subtype
Industrial
Zoning
M4
Site & Location
Neighborhood
Farwell
Fenced Yard
Yes
Additional Details
Property Use
Industrial
Building Details
Building Size
9,198 SF
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 1 at 2:22AM
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 Signature Associates - Southfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,198-square-foot industrial building has a fenced, paved yard and M4 zoning that allows outdoor storage. The property is located near 8 Mile in Detroit.
Key Highlights
- 9,198‑square‑foot industrial building
- Fenced, paved yard
- M4 zoning allows outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,736
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,720
$894.7K
Cap Rate 7%
$639,086
$639.1K
Cap Rate 9%
$497,067
$497.1K
Market Conditions
NOI Build-Up for 9,198 SF
Gross rent
$67.3K $7.32/SF
− Vacancy
−$3.4K −$0.37/SF
EGI
$63.9K $6.95/SF
− OpEx
−$19.2K −$2.08/SF
NOI
$44.7K $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%
$894,720
Cap Rate 7%
$639,086
Cap Rate 9%
$497,067
Alternative Uses
Best Use
Industrial
$639.1K
$559.2K – $745.6K
NOI $44,736 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,038 @ 7.0% cap · market cap 25.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
243
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Industrial property - M4 zoning permits outdoor storage, with a paved yard supporting exterior operations.
Where is this industrial property located?
The property is located at 20561 Dwyer St Detroit, MI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 9,198‑square‑foot industrial building; Fenced, paved yard; M4 zoning allows outdoor storage
