Wholesale Distribution
4045 2nd St Wayne, MI 48184
4045 2nd St, Wayne, MI, 48184
$1,249,425
For Sale
$1,249,425
A leased distribution facility with truckwell access, grade-level doors, and cranes, suited for wholesale operations.
Property Size15,425 SF
Lot Size1.14 Acres
Price / SF$81
Days on Market53
Property Features for 4045 2nd St
General Information
- Standard status
- Active
- Size
- 15,425 SF
- Lot size
- 1.14 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing Agency
Burger & Company
(810) 224-8103
Listed by
Nicolo Burger · License #6506049079
(810) 224-8103
Source
Cpix.resimplifi
Added: May 29 Checked: Jul 19 at 1:41 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 Burger & Company
Investment Insights
Based on property information with market context.
This 15,425-square-foot industrial building is designed for centralized wholesale and distribution use. The property features one truckwell with a load leveler, three 12' x 10' grade-level doors, and approximately 12'6" clear height to support warehouse workflows. For material handling, there are three one-ton cranes on site, and the building includes a 1.14-acre fenced lot for added operational control.
The location is described as centralized with quick access to Michigan Ave and major regional routes including I-275, I-94, Telegraph, and Ford Road. The property also benefits from direct truck-oriented functionality through its truckwell and grade-level loading configuration.
For buyers or operators seeking a distribution-oriented asset, the combination of loading infrastructure, clear height, and crane capacity aligns well with warehouse and materials handling needs. The building is currently leased to Unistrut through 8/31/2026, which may appeal to investors looking for near-term income while planning for future occupancy options.
The location is described as centralized with quick access to Michigan Ave and major regional routes including I-275, I-94, Telegraph, and Ford Road. The property also benefits from direct truck-oriented functionality through its truckwell and grade-level loading configuration.
For buyers or operators seeking a distribution-oriented asset, the combination of loading infrastructure, clear height, and crane capacity aligns well with warehouse and materials handling needs. The building is currently leased to Unistrut through 8/31/2026, which may appeal to investors looking for near-term income while planning for future occupancy options.
Key Highlights
- 15,425 SF industrial building built in 1952
- Truckwell with load leveler plus three 12' x 10' grade‑level doors
- 12'6" clear height
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 | $118.5k | $7.68 |
| − Vacancy | −$4.4k | −$0.28 |
| EGI | $114.1k | $7.40 |
| − OpEx | −$17.1k | −$1.11 |
| NOI | $97.0k | $6.29 |
15,425 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.39M
$1.21M – $1.62M
NOI $96,969 @ 7.0% cap · market cap 7.76%
Second Best
Industrial
$1.14M
$998.2K – $1.33M
NOI $79,857 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,908 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - A leased distribution facility with truckwell access, grade-level doors, and cranes, suited for wholesale operations.
Where is this distribution center located?
The property is located at 4045 2nd St Wayne, MI.
What is the asking price?
The asking price for this property is $1,249,425.
What are key features of this property?
This property features: 15,425 SF industrial building built in 1952; Truckwell with load leveler plus three 12' x 10' grade‑level doors; 12'6" clear height
