Manufacturing Facility with Multiple
For Sale
$1,450,000
34141 Kelly Rd, Fraser, MI 48026
Manufacturing building with fenced outdoor storage, 21' clear height, and five-ton bridge cranes plus grade-level doors.
Property Size18,157 SF
Lot Size2.53 Acres
Price / SF$79.86
Days on Market141
Property Features for 34141 Kelly Rd
General Information
Standard status
Active
Size
18,157 SF
Lot size
2.53 Acres
Property subtype
Industrial
Zoning
IC - Industrial Controlled
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Office Units
3
Building Details
Building Size
18,157 SF
Year Built
1969
Year Renovated
1991
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Zach Cummings
(240) 361-8988
Source:
Friedmanrealestate
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 19 at 4:18AM
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 Friedman Integrated Real Estate
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Investment Insights
Based on property information with market context.
This for-sale manufacturing facility includes a main building of approximately 12,877 SF built in 1969, with a roughly 5,280 SF addition completed in 1992. The property also features about +/- 2,000 SF of front office space with a bathroom and three individual offices. The shop area includes a lunchroom and an additional bathroom, and the site offers an approximately one-acre fenced lot for outdoor storage and truck parking.
The shop is supported by multiple cranes, including (4) five-ton cranes and (6) smaller bridge and jib cranes, with 240V throughout. Power service is indicated as 600 amps with bus ducts and airlines, and the facility includes 3-phase electrical. Clear height is listed at 21 feet, along with grade-level doors.
Additional site and building details include truck parking on the fenced lot and crane coverage throughout the shop area.
The shop is supported by multiple cranes, including (4) five-ton cranes and (6) smaller bridge and jib cranes, with 240V throughout. Power service is indicated as 600 amps with bus ducts and airlines, and the facility includes 3-phase electrical. Clear height is listed at 21 feet, along with grade-level doors.
Additional site and building details include truck parking on the fenced lot and crane coverage throughout the shop area.
Key Highlights
- 18,157 SF manufacturing building on a 2.53 AC site
- Originally built in 1969 with a 5,280 SF addition in 1992
- 21' clear height with (4) 5‑ton bridge cranes plus (6) smaller bridge and jib cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,905
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,100
$2.0M
Cap Rate 7%
$1,398,643
$1.4M
Cap Rate 9%
$1,087,833
$1.1M
Market Conditions
NOI Build-Up for 18,157 SF
Gross rent
$148.2K $8.16/SF
− Vacancy
−$8.3K −$0.46/SF
EGI
$139.9K $7.70/SF
− OpEx
−$42.0K −$2.31/SF
NOI
$97.9K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,100
Cap Rate 7%
$1,398,643
Cap Rate 9%
$1,087,833
Alternative Uses
Best Use
Industrial
$1.40M
$1.22M – $1.63M
NOI $97,905 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.40M
$2.97M – $3.97M
NOI $237,950 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
21 ft
Clear height
3
Drive-in doors
3
Office units
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 48026, MI
14,726
Population
6,778
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,592
Density / Sq Mi
$61,118
Median Household Income
$40,198
Median Earnings
$827
Median Rent
$193,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing building with fenced outdoor storage, 21' clear height, and five-ton bridge cranes plus grade-level doors.
Where is this manufacturing property located?
The property is located at 34141 Kelly Rd Fraser, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 18,157 SF manufacturing building on a 2.53 AC site; Originally built in 1969 with a 5,280 SF addition in 1992; 21' clear height with (4) 5‑ton bridge cranes plus (6) smaller bridge and jib cranes
