320 Engelwood Dr Lake Orion, MI
472,515 SF industrial portfolio in the Detroit MSA.
Type:INDUSTRIAL
Property size:
472,515 SFLot size:
9.59 Acres- Added:
- Aug 12, 2025
- Days on Market:
- 233
- Last Refresh:
- Mar 29 at 9:58 pm
Property Features for 320 Engelwood Dr
General Information
- Standard status
- Active
- Size
- 472,515 SF
- Lot size
- 9.59 Acres
- Property subtype
- INDUSTRIAL
Listing agent Kurt Sarbaugh (312) 300-7320
Listing office JLL | Dallas (312) 300-7320
Listing date Aug 12, 2025
Source Moodyscre
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 JLL | Dallas
Overview
Detroit Infill Industrial Portfolio
The Detroit Infill Industrial Portfolio consists of 8 industrial properties throughout the Detroit MSA, totaling 472,515 square feet. The properties are situated in business park settings along major interstates I-75, I-96, and I-275. The portfolio benefits from infill industrial locations and connectivity to the Detroit MSA's 4.3 million population and a labor pool of over 2.0 million workers within a 45-minute drive. The portfolio is 97.5% leased to 8 tenants, with a weighted average tenure of 15.6 years. The weighted average lease term remaining is 3.0 years, offering potential upside through mark-to-market adjustments on in-place rents, which are approximately 15%+ below market on average. There is also near-term upside potential through leasing up a remaining 12,000 SF vacancy, as well as value-add repositioning opportunities at 1935-1955 Enterprise Dr. and 5500 Enterprise Ct. The portfolio's location within 30 minutes of downtown Detroit provides access to skilled labor pools and local/regional connectivity. The properties have been under institutional ownership for over 20 years and are well-maintained, shallow-bay product with immediate income stability.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Warehouses
Location Insight
- Map
- Local Demand
- City
- Lake Orion
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2468
- Latitude
- 42.7175
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - 472,515 SF industrial portfolio in the Detroit MSA.
Where is this industrial property located?
The property is located at 320 Engelwood Dr Lake Orion, MI.
What are key features of this property?
This property features: Portfolio of 8 industrial properties totaling 472,515 SF; 97. 5% leased with long‑term tenants, providing immediate income; Significant upside potential with rents below market average
