Industrial-Style Space in Milwaukee
314 E BALTIMORE Street, Detroit, MI 48202
Unique industrial space with colorful murals in a trendy area.
Type:Commercial/Industrial
Property size:
3,264 SFLot size:
0.11 AcresPrice / SF:
$213/SF- Added:
- Mar 11, 2026
- Days on Market:
- 73
- Last Refresh:
- Apr 6 at 1:33 am
Property Features for 314 E BALTIMORE Street
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1964
Listing agent Matt O'Laughlin License #6501365647
Listing office Max Broock, REALTORS®-Detroit (313) 324-8430
Listing date Mar 11, 2026
Source Exitrealty
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 Max Broock, REALTORS®-Detroit
HighLights
- Prime location in the trendy Milwaukee Junction neighborhood.
- Unique industrial‑style space with a blank canvas interior ready for customization.
- Eye‑catching, Instagrammable exterior featuring murals by renowned artists.
- Ample electrical outlets and down lighting, ideal for studio or creative businesses.
- Conveniently located 18 miles from Detroit Metro Airport and 4 miles from Downtown Detroit.
- Gated parking lot providing added security.
Overview
Located in the Milwaukee Junction neighborhood, this industrial-style space offers great potential for transformation. The exterior features colorful murals by artists Adam Kiyoshi Fujita, Sydney G James, and Tony Whlgn. Built in 1964, the 3,264-square-foot building formerly housed the Baltimore Art Gallery. The interior walls are a bright white, providing a blank canvas suitable for various business or tenant needs. Ample electrical outlets and down lighting make the space suitable for a portrait, film, art, or video studio. Situated within 18 miles of the Detroit Metro Airport and four miles from Downtown Detroit, the property is easily accessible and includes a gated parking lot. The Milwaukee Junction neighborhood is a newly developed trendy community with art and new restaurants. The building is immediately available and ready to adapt to business needs.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$446.7K
NOI $40,202 @ 9.00% cap · cautious / downside scenario
Moderate
$574.3K
NOI $40,202 @ 7.00% cap · market / base-case scenario
Aggressive
$804.0K
NOI $40,202 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $18.60 |
| − Vacancy | −$3.3k | −$1.00 |
| EGI | $57.4k | $17.60 |
| − OpEx | −$17.2k | −$5.28 |
| NOI | $40.2k | $12.32 |
3,264 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$574.3K
$502.5K – $670.0K
NOI $40,202 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$472.4K
$413.3K – $551.1K
NOI $33,067 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,404 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- WSU Catering — 495 W Ferry Ave, Detroit, MI 48202
- Jeff's Over The Top Catering — 3200 Grand Blvd, Detroit, MI 48202
- All things M llc.(Maddies snack bar) — 5950 John R St, Detroit, MI 48202, United States
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0741
- Latitude
- 42.368
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Unique industrial space with colorful murals in a trendy area.
Where is this flex space located?
The property is located at 314 E BALTIMORE Street Detroit, MI.
What is the asking price?
The asking price for this property is $695,900.
What are key features of this property?
This property features: Prime location in the trendy Milwaukee Junction neighborhood.; Unique industrial‑style space with a blank canvas interior ready for customization.; Eye‑catching, Instagrammable exterior featuring murals by renowned artists.
