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Highland Park Flex/Warehouse Building

40 Victor St, Highland Park, MI 48203

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For Sale

$1,490,000

Versatile 18,000+ SF building with offices, warehouse, and storage.

Type:Commercial

Property size:

18,000 SF

Price / SF:

$82/SF

HighLights

18,000+ SF building with flexible office, warehouse, and storage space.
Secure property with alarm system and 16 cameras. Privacy fence encloses 20+ parking spots.
Prime location steps from Woodward Avenue and close to major freeways.
11 temperature‑controlled insulated rooms.
Updated plumbing, roof, painting, flooring, and 1200 AMP electrical service.
Two large overhead garage doors.

We can help!

Listing Contact

Craig A Ward

Learn more

For Sale

$1,490,000

Versatile 18,000+ SF building with offices, warehouse, and storage.

Type:Commercial

Property size:

18,000 SF

Price / SF:

$82/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 3:35 pm

Property Features for 40 Victor St

General Information

Standard status: Active
Size: 18,000 SF
Property subtype: Commercial

Building Details

Year Built: 1920

We can help!

Listing Contact

Craig A Ward

Listing agent Craig A Ward License #6501382487

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Craig A Ward

HighLights

18,000+ SF building with flexible office, warehouse, and storage space.
Secure property with alarm system and 16 cameras. Privacy fence encloses 20+ parking spots.
Prime location steps from Woodward Avenue and close to major freeways.
11 temperature‑controlled insulated rooms.
Updated plumbing, roof, painting, flooring, and 1200 AMP electrical service.
Two large overhead garage doors.

Overview

This Highland Park building offers over 18,000 square feet of space suitable for various uses, including offices, warehouse, and storage. A kitchen is located within the building, and an additional 1,000 square foot bonus room is situated upstairs. The property features 11 temperature-controlled insulated rooms and two large overhead garage doors. Security is provided by an alarm system and a 16-camera system. The building is located directly behind the Highland Park Fire Department. Updates include plumbing, roof, painting, flooring, and 1200 AMP electrical services. A privacy fence secures more than 20 parking spots. The property is located steps off Woodward and close to major freeways. The building has a bike score of 57, making it bikeable, a walk score of 79, indicating it is very walkable, and a transit score of 49, suggesting some transit options are available.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.4k	$10.08
− Vacancy	−$6.7k	−$0.37
EGI	$174.7k	$9.71
− OpEx	−$61.2k	−$3.40
NOI	$113.6k	$6.31

18,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,572 @ 7.0% cap · market cap 7.62%

Second Best

Warehouse

$1.62M

$1.41M – $1.89M (±1% cap)

NOI $113,156 @ 7.0% cap · market cap 7.59%

Theoretical Best

Specialty Retail

$3.33M

$2.92M – $3.89M (±1% cap)

NOI $233,280 @ 7.0% cap · market cap 15.66%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

Grill Kings Catering CO. — 166 Eason Ave, Highland Park, MI 48203
TANESHA'S SOUL FOOD CAFE — 15885 Woodward Ave, Highland Park, MI 48203

Location Insight

Map
Local Demand

City: Highland Park
County: Wayne
State: Michigan
Longitude: -83.0956719
Latitude: 42.4066544

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For sale
Flex space
MI
Highland Park
48203
40 Victor St

What type of property is this?

Flex space - Versatile 18,000+ SF building with offices, warehouse, and storage.

Where is this flex space located?

The property is located at 40 Victor St Highland Park, MI.

What is the asking price?

The asking price for this property is $1,490,000.

What are key features of this property?

This property features: 18,000+ SF building with flexible office, warehouse, and storage space.; Secure property with alarm system and 16 cameras. Privacy fence encloses 20+ parking spots.; Prime location steps from Woodward Avenue and close to major freeways.