Vacant Industrial Warehouse
24501 Ann Arbor Trail Dearborn Heights, MI 48127
New
24501 Ann Arbor Trail, Dearborn Heights, MI, 48127
$240,000
For Sale
$240,000
Vacant 3,030 sq. ft. warehouse on a 0.22-acre lot, suitable for redevelopment or renovation subject to municipal approval.
Property Size3,030 SF
Lot Size0.22 Acres
Price / SF$79.21
Days on Market7
Property Features for 24501 Ann Arbor Trail
General Information
- Standard status
- Active
- Size
- 3,030 SF
- Lot size
- 0.22 Acres
Listing agency
Keller Williams Legacy
(313) 403-0011
Listed by
Michael M Phillips · License #6502387592
(313) 403-0011
Source
Exprealty
Added: Jul 16 Updated: Jul 22 at 3:09AM Checked: Jul 22 at 3:09AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
The property is a vacant industrial warehouse building totaling 3,030 sq. ft., situated on a 0.22-acre lot. It presents a renovation or redevelopment opportunity, subject to municipal approval.
The offering is described as having convenient access to major roads and surrounding businesses, supporting continued commercial use within an established area.
This is a straightforward industrial asset for investors or owner-users looking to acquire a building with scope for updates and future use, subject to applicable approvals.
The offering is described as having convenient access to major roads and surrounding businesses, supporting continued commercial use within an established area.
This is a straightforward industrial asset for investors or owner-users looking to acquire a building with scope for updates and future use, subject to applicable approvals.
Key Highlights
- Vacant 3,030 SF commercial building (warehouse) on a 0.22‑acre lot
- Industrial property suitable for redevelopment or renovation, subject to municipal approval
- Commercial building on an established lot with convenient access to major roads and surrounding businesses
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 | $23.3k | $7.68 |
| − Vacancy | −$861 | −$0.28 |
| EGI | $22.4k | $7.40 |
| − OpEx | −$3.4k | −$1.11 |
| NOI | $19.0k | $6.29 |
3,030 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$272.1K
$238.1K – $317.5K
NOI $19,048 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$561.0K
$490.9K – $654.5K
NOI $39,269 @ 7.0% cap · market cap 16.36%
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
- National Storage — 9125 Telegraph Rd, Redford Charter Twp, MI 48239
- iStorage — 24579 Ann Arbor Trail, Dearborn Heights, MI 48127
FAQs
What type of property is this?
Warehouse - Vacant 3,030 sq. ft. warehouse on a 0.22-acre lot, suitable for redevelopment or renovation subject to municipal approval.
Where is this warehouse located?
The property is located at 24501 Ann Arbor Trail Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Vacant 3,030 SF commercial building (warehouse) on a 0.22‑acre lot; Industrial property suitable for redevelopment or renovation, subject to municipal approval; Commercial building on an established lot with convenient access to major roads and surrounding businesses
