Flex Warehouse with Overhead
35942 Jefferson Avenue Harrison Township, MI 48045
35942 Jefferson Avenue, Harrison Township, MI, 48045
$700,000
For Sale
$700,000
Flexible commercial warehouse space with overhead door access and prominent Jefferson Avenue frontage in Harrison Township.
Property Size9,375 SF
Price / SF$74.67
Days on Market12
Property Features for 35942 Jefferson Avenue
General Information
- Standard status
- Active
- Size
- 9,375 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing Agency
Realty Executives Home Towne Chesterfield
(810) 335-5590
Listed by
Francis Ulicny · License #6501459697
(810) 335-5590
Source
Sabudarealty
Added: Jul 10 Updated: Jul 20 at 2:06 am Checked: Jul 20 at 2:06 am
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 Realty Executives Home Towne Chesterfield
Investment Insights
Based on property information with market context.
This versatile flex warehouse offers approximately 9,375 square feet of flexible commercial space for a range of commercial uses, subject to municipal approval. The layout includes overhead door access, and the building is positioned to take advantage of prominent frontage.
The property is located on Jefferson Avenue in Harrison Charter Township’s waterfront business district, providing access to the Lake St. Clair area and the surrounding marine service corridor. It is also within the Village (V-1A) District, and benefits from convenient regional access noted for I-94, M-59, and Metro Detroit.
Buyers are encouraged to independently verify all information, including zoning, permitted uses, dimensions, square footage, and intended use with Harrison Township.
The property is located on Jefferson Avenue in Harrison Charter Township’s waterfront business district, providing access to the Lake St. Clair area and the surrounding marine service corridor. It is also within the Village (V-1A) District, and benefits from convenient regional access noted for I-94, M-59, and Metro Detroit.
Buyers are encouraged to independently verify all information, including zoning, permitted uses, dimensions, square footage, and intended use with Harrison Township.
Key Highlights
- Year built 1954 commercial building with approximately 9,375 SF of flexible space
- Prominent frontage on heavily traveled Jefferson Avenue for visibility and convenient access
- Overhead door access included, supporting warehouse, storage, service, and other commercial uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $8.16 |
| − Vacancy | −$4.3k | −$0.46 |
| EGI | $72.2k | $7.70 |
| − OpEx | −$10.8k | −$1.16 |
| NOI | $61.4k | $6.55 |
9,375 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.52M
$1.33M – $1.77M
NOI $106,479 @ 7.0% cap · market cap 15.21%
Second Best
Warehouse
$876.9K
$767.3K – $1.02M
NOI $61,384 @ 7.0% cap · market cap 8.77%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $122,861 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flexible commercial warehouse space with overhead door access and prominent Jefferson Avenue frontage in Harrison Township.
Where is this flex space located?
The property is located at 35942 Jefferson Avenue Harrison Township, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Year built 1954 commercial building with approximately 9,375 SF of flexible space; Prominent frontage on heavily traveled Jefferson Avenue for visibility and convenient access; Overhead door access included, supporting warehouse, storage, service, and other commercial uses
