Industrial Warehouse with Multiple
For Sale
Contact for pricing
35425 SCHOOLCRAFT RD, Livonia, MI 48150
Industrial warehouse with high clearance, abundant power, and multiple cranes for heavy manufacturing or warehousing.
Property Size17,814 SF
Price / SF$100
Days on Market106
Property Features for 35425 SCHOOLCRAFT RD
General Information
Standard status
Active
Size
17,814 SF
Property subtype
Industrial
Zoning
M-1 (Light Industrial)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
1955
Buildings
1
Stories
1
Units
1
Listing Agency:
RH Commercial Realty
Listed By:
Nate Hughes · License #6501433129
(810) 923-6099
Source:
Crexi
Added: Jun 22
Changed: Sep 10
Last Checked: Oct 5 at 7:02PM
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 RH Commercial Realty
Investment Insights
Based on property information with market context.
This industrial warehouse is suited to operations that need heavy power, high clearance, and crane capability. The building includes multiple cranes and is described as having an abundance of power, along with features supporting manufacturing and warehousing uses, including heavy tonnage requirements.
The property is located on the south side of Schoolcraft Road, with easy access to I-96. It is also positioned minutes from I-275, M-14, M-24, and M-39, supporting convenient regional connectivity.
The combination of heavy power availability, multiple cranes, and high clearance makes the space practical for tenants and buyers focused on manufacturing, warehousing, and other uses requiring heavy lifting and operational height. The description also points to the value of rear yard area for activities that benefit from outside space for logistics or equipment handling.
The property is located on the south side of Schoolcraft Road, with easy access to I-96. It is also positioned minutes from I-275, M-14, M-24, and M-39, supporting convenient regional connectivity.
The combination of heavy power availability, multiple cranes, and high clearance makes the space practical for tenants and buyers focused on manufacturing, warehousing, and other uses requiring heavy lifting and operational height. The description also points to the value of rear yard area for activities that benefit from outside space for logistics or equipment handling.
Key Highlights
- Industrial warehouse building built in 1955
- High‑clearance space designed for manufacturing or warehousing
- Abundant power for heavy‑duty operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,987
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,740
$2.2M
Cap Rate 7%
$1,599,814
$1.6M
Cap Rate 9%
$1,244,300
$1.2M
Market Conditions
NOI Build-Up for 17,814 SF
Gross rent
$136.8K $7.68/SF
− Vacancy
−$5.1K −$0.28/SF
EGI
$131.7K $7.40/SF
− OpEx
−$19.8K −$1.11/SF
NOI
$112.0K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,740
Cap Rate 7%
$1,599,814
Cap Rate 9%
$1,244,300
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,987 @ 7.0% cap · market cap 6.29%
Second Best
Industrial
$1.32M
$1.15M – $1.54M
NOI $92,225 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$3.30M
$2.89M – $3.85M
NOI $230,869 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial warehouse with high clearance, abundant power, and multiple cranes for heavy manufacturing or warehousing.
Where is this manufacturing property located?
The property is located at 35425 SCHOOLCRAFT RD Livonia, MI.
What is the asking price?
The asking price for this property is $1,781,400.
What are key features of this property?
This property features: Industrial warehouse building built in 1955; High‑clearance space designed for manufacturing or warehousing; Abundant power for heavy‑duty operations
