Freestanding Industrial Flex
For Sale
$900,000
34180 Klein Rd, Fraser, MI 48026
Freestanding industrial building with two 12'x14' overhead doors, 1,550 SF office, and 600A 480V 3-phase power.
Property Size12,100 SF
Price / SF$74.38
Days on Market151
Property Features for 34180 Klein Rd
General Information
Standard status
Active
Size
12,100 SF
Property subtype
Industrial
Zoning
IR
Warehouse & Industrial
Clear Height
17 ft
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
12,100 SF
Year Built
1980
Buildings
1
Stories
1
Tenancy
Multi-Tenant
Listing Agency:
Lee & Associates of Michigan
Listed By:
Giancarlo Pinterpe
(248) 561-5748
Source:
Cpix.resimplifi
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 28 at 4:56AM
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 Lee & Associates of Michigan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 12,100 SF freestanding industrial/flex building with 1,550 SF of dedicated office space. It features two overhead doors sized at 12' x 14' and a 17' clear height, supporting straightforward loading and storage operations. The layout was previously duplexed and can be reconfigured to accommodate two tenants again, offering flexibility for an end user or multi-tenant arrangement. Electrical service includes 600Amp/480Volt 3-phase power on each side of the building.
The site includes generous on-site parking and two access and egress locations directly adjacent to both overhead doors, designed to streamline vehicle flow for operations.
With multiple loading points, above, clear height, and dedicated office space on-site, the building is well suited for industrial and manufacturing use.
The site includes generous on-site parking and two access and egress locations directly adjacent to both overhead doors, designed to streamline vehicle flow for operations.
With multiple loading points, above, clear height, and dedicated office space on-site, the building is well suited for industrial and manufacturing use.
Key Highlights
- 12,100 SF freestanding industrial building built in 1980 with 1,550 SF dedicated office space
- Two overhead doors (12' x 14') plus 17' clear height for loading and logistics
- 600A/480V 3‑phase power provided on each side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,245
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,900
$1.3M
Cap Rate 7%
$932,071
$932.1K
Cap Rate 9%
$724,944
$724.9K
Market Conditions
NOI Build-Up for 12,100 SF
Gross rent
$98.7K $8.16/SF
− Vacancy
−$5.5K −$0.46/SF
EGI
$93.2K $7.70/SF
− OpEx
−$28.0K −$2.31/SF
NOI
$65.2K $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%
$1,304,900
Cap Rate 7%
$932,071
Cap Rate 9%
$724,944
Alternative Uses
Best Use
Flex RnD
$1.96M
$1.72M – $2.29M
NOI $137,429 @ 7.0% cap · market cap 15.27%
Second Best
Industrial
$932.1K
$815.6K – $1.09M
NOI $65,245 @ 7.0% cap · market cap 7.25%
Theoretical Best
Specialty Retail
$2.27M
$1.98M – $2.64M
NOI $158,572 @ 7.0% cap · market cap 17.62%
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
17 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Freestanding industrial building with two 12'x14' overhead doors, 1,550 SF office, and 600A 480V 3-phase power.
Where is this flex space located?
The property is located at 34180 Klein Rd Fraser, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 12,100 SF freestanding industrial building built in 1980 with 1,550 SF dedicated office space; Two overhead doors (12' x 14') plus 17' clear height for loading and logistics; 600A/480V 3‑phase power provided on each side of the building
