Industrial Facility in Washington,
61166 Van Dyke Ave, Washington, MI 48094
98,221 SF industrial facility in a well-established corridor.
Type:Industrial
Property size:
98,221 SFPrice / SF:
$71/SF- Added:
- Feb 10, 2026
- Days on Market:
- 137
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 61166 Van Dyke Ave
General Information
- Standard status
- Active
- Size
- 98,221 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing office Fortis Net Lease
Listing date Feb 10, 2026
Source Crexi
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 Fortis Net Lease
HighLights
- Substantial capital investment by both ownership and tenant
- Located in a well‑established industrial corridor within the Metro Detroit industrial market
- Long‑term tenant, Laser Specialists, Inc., with over 30 years of operating history
- 98,221 square foot industrial facility
- Expansion potential for future growth
- Located in Washington Township, offering a blend of rural charm and suburban convenience
Overview
Located at 61166 Van Dyke in Washington, Michigan, this industrial investment opportunity features a 98,221 square foot industrial facility. Constructed in 1964, the building has undergone significant improvements through substantial capital investment by both the ownership and the tenant. The property is situated within a well-established industrial corridor. The tenant, Laser Specialists, Inc., is a family-owned company with over 30 years of operating history, specializing in laser cutting and fabrication services. They serve a diversified client base across various industries, including automotive, agriculture, aerospace, military, appliance, construction, energy, fitness equipment, and architectural sectors. The property offers expansion potential and a strategic location within the Metro Detroit industrial market. Washington Township, in Macomb County, Michigan, provides a mix of rural charm and suburban convenience. It features spacious residential areas and access to amenities and attractions. The township has parks and outdoor spaces, including Stony Creek Metropark, offering recreational opportunities. Residents can also enjoy local events and shopping and dining options in nearby commercial districts.
Local Financial Insights For Industrial
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 | $801.5k | $8.16 |
| − Vacancy | −$44.9k | −$0.46 |
| EGI | $756.6k | $7.70 |
| − OpEx | −$227.0k | −$2.31 |
| NOI | $529.6k | $5.39 |
98,221 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$7.57M
$6.62M – $8.83M
NOI $529,620 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.39M
$16.09M – $21.45M
NOI $1,287,198 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0348
- Latitude
- 42.7375
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - 98,221 SF industrial facility in a well-established corridor.
Where is this industrial property located?
The property is located at 61166 Van Dyke Ave Washington, MI.
What is the asking price?
The asking price for this property is $7,015,786.
What are key features of this property?
This property features: Substantial capital investment by both ownership and tenant; Located in a well‑established industrial corridor within the Metro Detroit industrial market; Long‑term tenant, Laser Specialists, Inc., with over 30 years of operating history
