Single-Story Brick Flex
For Sale
$2,900,000
26051 MICHIGAN AVE, Inkster, MI 48141
Brick commercial facility with frontage, adaptable industrial space, and access to major Southeast Michigan transportation routes.
Property Size43,500 SF
Lot Size2.61 Acres
Price / SF$65.83
Days on Market9
Property Features for 26051 MICHIGAN AVE
General Information
Standard status
Active
Size
43,500 SF
Lot size
2.61 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
300380
Building Details
Year Built
19
Buildings
1
Stories
1
Building Size
43,500 SF
Construction
brick
Listing Agency:
Brookstone, Realtors LLC
(248) 704-6000
Listed By:
Lance Seba · License #6506049502
(248) 704-6000
Source:
Xome
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 5:20AM
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 Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
This single-story brick flex facility offers 43,500 SF of commercial and industrial space on approximately 2.61 acres. The property can accommodate showroom, warehousing, light manufacturing, distribution, automotive supplier, or administrative functions, with immediate occupancy available at closing. Its substantial building area and corridor frontage support a range of operational configurations.
The site fronts Michigan Avenue, also designated US-12, and provides access to I-94, I-275, and Telegraph Road, or US-24. Dearborn and Detroit are nearby employment centers, while Detroit Metropolitan Airport is approximately 10 miles away. The surrounding area includes manufacturing, automotive, logistics, and commercial activity, creating a practical setting for industrial and flex operations.
The site fronts Michigan Avenue, also designated US-12, and provides access to I-94, I-275, and Telegraph Road, or US-24. Dearborn and Detroit are nearby employment centers, while Detroit Metropolitan Airport is approximately 10 miles away. The surrounding area includes manufacturing, automotive, logistics, and commercial activity, creating a practical setting for industrial and flex operations.
Key Highlights
- 43,500 SF single‑story commercial and industrial flex facility
- Approximately 2.61 acres along Michigan Avenue, also designated US‑12
- Brick building with frontage and visibility on a major commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$228,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,561,020
$4.6M
Cap Rate 7%
$3,257,871
$3.3M
Cap Rate 9%
$2,533,900
$2.5M
Market Conditions
NOI Build-Up for 44,050 SF
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.
Gross rent
$338.3K $7.68/SF
− Vacancy
−$12.5K −$0.28/SF
EGI
$325.8K $7.40/SF
− OpEx
−$97.7K −$2.22/SF
NOI
$228.1K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,561,020
Cap Rate 7%
$3,257,871
Cap Rate 9%
$2,533,900
Alternative Uses
Best Use
Flex RnD
$3.97M
$3.47M – $4.63M
NOI $277,937 @ 7.0% cap · market cap 9.58%
Second Best
Warehouse
$3.96M
$3.46M – $4.62M
NOI $276,919 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$8.16M
$7.14M – $9.51M
NOI $570,888 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48141, MI
26,088
Population
11,497
Households
2.3
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
6.3 sq mi
ZIP Area
4,141
Density / Sq Mi
$39,632
Median Household Income
$32,135
Median Earnings
$1,127
Median Rent
$75,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Divine Dine Detroit — 26091 Trowbridge St, Inkster, MI 48141
- Janelly’s Catering — 26540 W Hills Dr, Inkster, MI 48141
Frequently Asked Questions
What type of property is this?
Flex space - Brick commercial facility with frontage, adaptable industrial space, and access to major Southeast Michigan transportation routes.
Where is this flex space located?
The property is located at 26051 MICHIGAN AVE Inkster, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 43,500 SF single‑story commercial and industrial flex facility; Approximately 2.61 acres along Michigan Avenue, also designated US‑12; Brick building with frontage and visibility on a major commercial corridor
