Freestanding Warehouse with
For Sale
Contact for pricing
28302 JOY Road, Livonia, MI 48150
The industrial space has two overhead doors, a fenced lot, and additional outdoor storage available.
Property Size4,000 SF
Price / SF$0.63
Days on Market15
Property Features for 28302 JOY Road
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Property Use
Warehouse/Manufacturing
Building Details
Year Built
1942
Buildings
1
Building Size
4,000 SF
Listing Agency:
Century 21 Curran & Oberski
(313) 274-7200
Listed By:
Bill M Darwich · License #6501368264
(313) 203-8214
Source:
Goodhomemi
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 4:03PM
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 Century 21 Curran & Oberski
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Investment Insights
Based on property information with market context.
This freestanding warehouse and manufacturing property contains 4,000 square feet, including a large private office. Two overhead doors support loading and access, while high ceilings provide vertical clearance. The site also includes a large parking area and a fenced lot, with additional outdoor storage space available.
Built in 1942, the property is located in Livonia between Westland, Dearborn Heights, Garden City, and Livonia. The lease is structured as triple net.
Built in 1942, the property is located in Livonia between Westland, Dearborn Heights, Garden City, and Livonia. The lease is structured as triple net.
Key Highlights
- 4,000‑square‑foot warehouse and manufacturing space
- Large private office within the building
- Two overhead doors and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,160
$414.2K
Cap Rate 7%
$295,829
$295.8K
Cap Rate 9%
$230,089
$230.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$30.7K $7.68/SF
− Vacancy
−$1.1K −$0.28/SF
EGI
$29.6K $7.40/SF
− OpEx
−$8.9K −$2.22/SF
NOI
$20.7K $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 Rate 5%
$414,160
Cap Rate 7%
$295,829
Cap Rate 9%
$230,089
Alternative Uses
Best Use
Warehouse
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 1,005.84%
Second Best
Industrial
$295.8K
$258.9K – $345.1K
NOI $20,708 @ 7.0% cap · market cap 828.32%
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 2,073.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Westland Truck & Car Wash — 28735 Joy Rd, Westland, MI 48185
Frequently Asked Questions
What type of property is this?
Warehouse - The industrial space has two overhead doors, a fenced lot, and additional outdoor storage available.
Where is this warehouse located?
The property is located at 28302 JOY Road Livonia, MI.
What are key features of this property?
This property features: 4,000‑square‑foot warehouse and manufacturing space; Large private office within the building; Two overhead doors and high ceilings
