Industrial Warehouse with M3
2628 Orleans Street Detroit, MI 48207
2628 Orleans Street, Detroit, MI, 48207
$1,000,000
For Sale
$1,000,000
For sale/lease warehouse on M3-zoned lot, previously used for storage and suited for multiple industrial and food uses.
Property Size7,800 SF
Lot Size0.13 Acres
Price / SF$128.21
Days on Market52
Property Features for 2628 Orleans Street
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
Keller Williams Home
(248) 275-7291
Listed by
Dairek Yaldoo · License #375066
(248) 275-7291
Source
Carolbollo
Added: May 31 Updated: Jul 21 at 4:21PM Checked: Jul 21 at 4:21PM
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 Home
Investment Insights
Based on property information with market context.
This industrial warehouse/distribution building totals over 7,800 SF and sits on a 0.13-acre lot. The property has been previously utilized as a warehouse and is described as suitable for a range of industrial and commercial uses, including warehouse and storage, distribution, manufacturing, and food-related operations. It is available for sale and also available for lease.
The building is located near Gratiot Avenue and is described as just minutes from the Eastern Market area, providing convenient access to the surrounding Detroit commercial corridor.
The property is designated with M3 zoning, which aligns with the listed range of industrial and manufacturing-focused uses.
The building is located near Gratiot Avenue and is described as just minutes from the Eastern Market area, providing convenient access to the surrounding Detroit commercial corridor.
The property is designated with M3 zoning, which aligns with the listed range of industrial and manufacturing-focused uses.
Key Highlights
- Industrial building built in 1957 with over 7,800 SF on a 0.13‑acre lot
- M3 zoning; previously used as a warehouse
- Suitable for multiple industrial and commercial uses including warehouse, storage, distribution, and manufacturing
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 | $68.3k | $8.76 |
| − Vacancy | −$2.9k | −$0.38 |
| EGI | $65.4k | $8.38 |
| − OpEx | −$9.8k | −$1.26 |
| NOI | $55.6k | $7.13 |
7,800 SF · lease $8.76/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$794.0K
$694.8K – $926.4K
NOI $55,581 @ 7.0% cap · market cap 5.56%
Second Best
Industrial
$542.0K
$474.2K – $632.3K
NOI $37,937 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,450 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- Eastern Market Cold Storage Co — 2531 Riopelle St, Detroit, MI 48207
- Egro-Stroh — 1000 Maple St, Detroit, MI 48207
- MI Frozen Food, LLC — 1820 Mack Ave, Detroit, MI 48207
- Hired Muscle Logistics, Labor and Moving — 2200 Hunt St Suite 478, Detroit, MI 48207
FAQs
What type of property is this?
Warehouse - For sale/lease warehouse on M3-zoned lot, previously used for storage and suited for multiple industrial and food uses.
Where is this warehouse located?
The property is located at 2628 Orleans Street Detroit, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Industrial building built in 1957 with over 7,800 SF on a 0.13‑acre lot; M3 zoning; previously used as a warehouse; Suitable for multiple industrial and commercial uses including warehouse, storage, distribution, and manufacturing
