Industrial Warehouse with Loading
New
For Sale
$1,750,000
232 Ferdinand Street, Detroit, MI 48209
Commercially zoned warehouse supports semi-truck operations with loading and drive-in access.
Property Size27,779 SF
Price / SF$62
Days on Market2
Property Features for 232 Ferdinand Street
General Information
Standard status
Active
Size
27,779 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Warehouse Space
27,779 SF
Taxes and HOA fees
Annual Taxes
$7,413
Building Details
Building Size
27,779 SF
Year Built
1947
Buildings
1
Listing Agency:
Tremaine Real Estate
(810) 694-0330
Listed By:
Hansel Artrip
Source:
Thebrokeragehouse
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 2:22PM
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 Tremaine Real Estate
Investment Insights
Based on property information with market context.
Built in 1947, this 27,779-square-foot warehouse offers extra-high ceilings, multiple loading docks, and drive-in doors configured to accommodate full semi-truck operations. The property is zoned Commercial and can support logistics, cross-border distribution, warehousing, or light manufacturing uses as described in the source information.
Located at 232 Ferdinand Street in Detroit, the facility sits in the International Trade Corridor, minutes from both the Ambassador Bridge and Gordie Howe International Bridge. Its setting also provides access to regional highways and the Canada trade route.
Located at 232 Ferdinand Street in Detroit, the facility sits in the International Trade Corridor, minutes from both the Ambassador Bridge and Gordie Howe International Bridge. Its setting also provides access to regional highways and the Canada trade route.
Key Highlights
- 27,779 SF industrial warehouse
- Extra‑high ceilings for warehouse and distribution operations
- Multiple loading docks and drive‑in doors
Financial Insights For Industrial
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 | $203.3k | $7.32 |
| − Vacancy | −$10.3k | −$0.37 |
| EGI | $193.0k | $6.95 |
| − OpEx | −$57.9k | −$2.08 |
| NOI | $135.1k | $4.86 |
27,779 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.83M
$2.47M – $3.30M
NOI $197,948 @ 7.0% cap · market cap 11.31%
Second Best
Industrial
$1.93M
$1.69M – $2.25M
NOI $135,109 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$6.13M
$5.36M – $7.15M
NOI $428,971 @ 7.0% cap · market cap 24.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Market
Properties on Market for Warehouses in Wayne County
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Revere Dock LLC — 5851 W Jefferson Ave, Detroit, MI 48209
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned warehouse supports semi-truck operations with loading and drive-in access.
Where is this warehouse located?
The property is located at 232 Ferdinand Street Detroit, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 27,779 SF industrial warehouse; Extra‑high ceilings for warehouse and distribution operations; Multiple loading docks and drive‑in doors
