Warehouse with Updated Corporate
For Sale
Contact for pricing
35901 Veronica St, Livonia, MI 48150
Clean, fully sprinklered warehouse offering exterior dock doors, grade-level access, and a sizable updated office.
Property Size91,120 SF
Lot Size6.19 Acres
Price / SF$0.00
Days on Market143
Property Features for 35901 Veronica St
General Information
Standard status
Active
Size
91,120 SF
Lot size
6.19 Acres
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
9
Drive-In Doors
6
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
91,120 SF
Listing Agency:
Newmark Knight Frank Detroit
Listed By:
Tom Oldham
(248) 357-6595
Source:
Cpix.resimplifi
Added: Jun 9
Changed: Oct 26
Last Checked: Oct 28 at 4:37AM
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 Newmark Knight Frank Detroit
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This facility is a warehouse with an updated corporate office totaling 10,512 square feet. The property includes nine external docks and six grade level doors, supporting a range of receiving and distribution needs. Ceiling height is reported at 20'–28', and the building is fully sprinklered. The overall site includes 6.19 acres with abundant parking and is described as very clean.
The property is located in Livonia, with easy freeway access to I-96, which can simplify day-to-day logistics for drivers and visitors. Parking availability supports both employee access and customer or vendor use.
For tenants and buyers seeking an operations-focused space, the combination of dock and grade-level doors, higher ceiling clearances, and sprinkler protection can fit straightforward warehousing and light industrial uses alongside an on-site corporate office. The updated office space can also support administrative functions without requiring separate off-site facilities.
The property is located in Livonia, with easy freeway access to I-96, which can simplify day-to-day logistics for drivers and visitors. Parking availability supports both employee access and customer or vendor use.
For tenants and buyers seeking an operations-focused space, the combination of dock and grade-level doors, higher ceiling clearances, and sprinkler protection can fit straightforward warehousing and light industrial uses alongside an on-site corporate office. The updated office space can also support administrative functions without requiring separate off-site facilities.
Key Highlights
- 91,120 SF warehouse on 6.19 acres with easy freeway access to I‑96
- Updated 10,512 SF corporate office space
- 9 external dock doors plus 6 grade level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$572,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,456,460
$11.5M
Cap Rate 7%
$8,183,186
$8.2M
Cap Rate 9%
$6,364,700
$6.4M
Market Conditions
NOI Build-Up for 91,120 SF
Gross rent
$699.8K $7.68/SF
− Vacancy
−$25.9K −$0.28/SF
EGI
$673.9K $7.40/SF
− OpEx
−$101.1K −$1.11/SF
NOI
$572.8K $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%
$11,456,460
Cap Rate 7%
$8,183,186
Cap Rate 9%
$6,364,700
Alternative Uses
Best Use
Warehouse
$8.18M
$7.16M – $9.55M
NOI $572,823 @ 7.0% cap · market cap 7,688,899.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.87M
$14.76M – $19.68M
NOI $1,180,915 @ 7.0% cap · market cap 15,851,208.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28 ft
Clear height
9
Dock-high doors
6
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Well-served
Demand for This Use
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
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
Similar Off Market Nearby
- 360 Services International — 12623 Newburgh Rd, Livonia, MI 48150, United States
- Frisbie Moving & Storage — 35255 Glendale St, Livonia, MI 48150
- Public Storage — 12900 Newburgh Rd, Livonia, MI 48150
- Glass City Movers Livonia LLC — 35569 Industrial Rd, Livonia, MI 48150
- Iron Mountain Information Management Services — 35750 Industrial Rd, Livonia, MI 48150
Frequently Asked Questions
What type of property is this?
Warehouse - Clean, fully sprinklered warehouse offering exterior dock doors, grade-level access, and a sizable updated office.
Where is this warehouse located?
The property is located at 35901 Veronica St Livonia, MI.
What are key features of this property?
This property features: 91,120 SF warehouse on 6.19 acres with easy freeway access to I‑96; Updated 10,512 SF corporate office space; 9 external dock doors plus 6 grade level doors
