Food Production Flex
For Sale
$2,900,000
4731 Bellevue St, Detroit, MI 48207
Food production building offers two leased suites with shared truckwells and common area access.
Property Size45,662 SF
Price / SF$63.51
Days on Market512
Property Features for 4731 Bellevue St
General Information
Standard status
Active
Size
45,662 SF
Property subtype
Industrial
Zoning
M4
Building Details
Building Size
45,662 SF
Year Built
1963
Year Renovated
2002
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Peter Vanderkaay · License #6501388318
(248) 359-3837
Source:
Cpix.resimplifi
Added: May 29, 2025
Changed: Oct 14
Last Checked: Oct 20 at 5:25PM
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 Signature Associates - Southfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two suites are available for lease in a food production building, totaling 7,648 sq. ft. and 1,860 sq. ft. The suites provide access to shared truckwells and common area.
The property includes secured, covered parking to support day-to-day operations. A tenant improvement allowance is available for qualified tenants.
The building is also being offered for sale.
The property includes secured, covered parking to support day-to-day operations. A tenant improvement allowance is available for qualified tenants.
The building is also being offered for sale.
Key Highlights
- Food production building built in 1963
- Two available lease suites: 7,648 SF and 1,860 SF
- Shared truckwells and access to common areas for both suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,086
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,441,720
$4.4M
Cap Rate 7%
$3,172,657
$3.2M
Cap Rate 9%
$2,467,622
$2.5M
Market Conditions
NOI Build-Up for 45,662 SF
Gross rent
$334.2K $7.32/SF
− Vacancy
−$17.0K −$0.37/SF
EGI
$317.3K $6.95/SF
− OpEx
−$95.2K −$2.08/SF
NOI
$222.1K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,441,720
Cap Rate 7%
$3,172,657
Cap Rate 9%
$2,467,622
Alternative Uses
Best Use
Industrial
$3.17M
$2.78M – $3.70M
NOI $222,086 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.07M
$8.81M – $11.75M
NOI $705,125 @ 7.0% cap · market cap 24.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Manufacturing property - Food production building offers two leased suites with shared truckwells and common area access.
Where is this manufacturing property located?
The property is located at 4731 Bellevue St Detroit, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Food production building built in 1963; Two available lease suites: 7,648 SF and 1,860 SF; Shared truckwells and access to common areas for both suites
