Industrial Facility Near
For Sale
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32600 Industrial Dr, Madison Heights, MI 48071
Manufacturing facility with outside storage potential, near I-75.
Property Size20,880 SF
Price / SF$81.18
Days on Market210
Property Features for 32600 Industrial Dr
General Information
Standard status
Active
Size
20,880 SF
Property subtype
Industrial
Zoning
M-1
Building Details
Year Built
1966
Listing Agency:
Signature Associates Southfield
Listed By:
Ben Wilkiemeyer · License #MI 6501343766
(248) 948-9000
Source:
Crexi
Added: Mar 10
Changed: Sep 25
Last Checked: Oct 5 at 7:25PM
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 Signature Associates Southfield
Investment Insights
Based on property information with market context.
This is a solid manufacturing facility offering potential for outside storage. The property benefits from great power and natural lighting throughout the building. It is located less than two miles from I-75. The property size is 20880 square feet and is suitable for commercial, industrial, and manufacturing purposes.
Key Highlights
- Less than two miles from I‑75
- Potential outside storage
- Great power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,453
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,069,060
$2.1M
Cap Rate 7%
$1,477,900
$1.5M
Cap Rate 9%
$1,149,478
$1.1M
Market Conditions
NOI Build-Up for 20,880 SF
Gross rent
$153.5K $7.35/SF
− Vacancy
−$5.7K −$0.27/SF
EGI
$147.8K $7.08/SF
− OpEx
−$44.3K −$2.12/SF
NOI
$103.5K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,069,060
Cap Rate 7%
$1,477,900
Cap Rate 9%
$1,149,478
Alternative Uses
Best Use
Industrial
$1.48M
$1.29M – $1.72M
NOI $103,453 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.50M
$3.94M – $5.25M
NOI $315,255 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with outside storage potential, near I-75.
Where is this manufacturing property located?
The property is located at 32600 Industrial Dr Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Less than two miles from I‑75; Potential outside storage; Great power
