Industrial Warehouse with
For Sale
Contact for pricing
2741 Elliott Dr, Troy, MI 48083
Industrial warehouse for sale with exterior truckwells, multiple grade level doors, heavy power, and substantial parking.
Property Size13,396 SF
Price / SF$120
Days on Market67
Property Features for 2741 Elliott Dr
General Information
Standard status
Active
Size
13,396 SF
Total Parking Spaces
60
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Listing Agency:
Newmark Knight Frank Detroit
(586) 216-1930
Listed By:
Geoffrey S. Hill
(586) 216-1930
Source:
Moodyscre
Added: May 25
Changed: Jul 28
Last Checked: Jul 29 at 4:09PM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
Manufacturing or warehousing facility offered for sale in Troy, featuring two exterior truckwells and two 12' x 14' grade level doors. The building includes heavy power and a high-bay office area that can be removed to create additional warehouse space. Immediate occupancy is available.
The property provides parking for up to 60 vehicles, supporting flexible day-to-day operations for inbound and outbound activity.
Overall, the configuration supports industrial use with dock access via exterior truckwells and drive-in capability through the grade level doors, along with power capacity designed for heavier requirements.
The property provides parking for up to 60 vehicles, supporting flexible day-to-day operations for inbound and outbound activity.
Overall, the configuration supports industrial use with dock access via exterior truckwells and drive-in capability through the grade level doors, along with power capacity designed for heavier requirements.
Key Highlights
- Great Troy manufacturing/warehousing building with immediate occupancy
- 2 exterior truckwells
- Two 12' x 14' grade level doors
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 | $98.5k | $7.35 |
| − Vacancy | −$3.6k | −$0.27 |
| EGI | $94.8k | $7.08 |
| − OpEx | −$14.2k | −$1.06 |
| NOI | $80.6k | $6.02 |
13,396 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,595 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$948.2K
$829.7K – $1.11M
NOI $66,372 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,258 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse for sale with exterior truckwells, multiple grade level doors, heavy power, and substantial parking.
Where is this warehouse located?
The property is located at 2741 Elliott Dr Troy, MI.
What is the asking price?
The asking price for this property is $1,607,520.
What are key features of this property?
This property features: Great Troy manufacturing/warehousing building with immediate occupancy; 2 exterior truckwells; Two 12' x 14' grade level doors
