Manufacturing Facility with
New
For Sale
$1,500,000
6350 Benham St, Detroit, MI 48211
M4 zoning and adjoining lots provide room for expansion at this Detroit industrial property.
Property Size27,530 SF
Lot Size1.92 Acres
Price / SF$54.49
Days on Market2
Property Features for 6350 Benham St
General Information
Standard status
Active
Size
27,530 SF
Lot size
1.92 Acres
Property subtype
Industrial
Zoning
M4
Additional Details
Highway Access
Yes
Office Build-Out
1,000 SF
Building Details
Building Size
27,530 SF
Year Built
1966
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Garry Rogers · License #6502378003
(517) 402-4030
Source:
Corfac
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:41AM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This 27,530-square-foot manufacturing facility was built in 1966 and includes approximately 1,000 square feet of second-floor office space. Five cranes serve the facility, and the property carries M4 heavy industrial zoning.
The site encompasses approximately 1.92 acres in Detroit and includes adjoining lots that provide room for expansion. Its location is near the I-94 Expressway.
The site encompasses approximately 1.92 acres in Detroit and includes adjoining lots that provide room for expansion. Its location is near the I-94 Expressway.
Key Highlights
- 27,530 square feet on approximately 1.92 acres
- Five cranes included
- Approximately 1,000 square feet of second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,898
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,677,960
$2.7M
Cap Rate 7%
$1,912,829
$1.9M
Cap Rate 9%
$1,487,756
$1.5M
Market Conditions
NOI Build-Up for 27,530 SF
Gross rent
$201.5K $7.32/SF
− Vacancy
−$10.2K −$0.37/SF
EGI
$191.3K $6.95/SF
− OpEx
−$57.4K −$2.08/SF
NOI
$133.9K $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%
$2,677,960
Cap Rate 7%
$1,912,829
Cap Rate 9%
$1,487,756
Alternative Uses
Best Use
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,898 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.07M
$5.31M – $7.09M
NOI $425,126 @ 7.0% cap · market cap 28.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 48211, MI
5,447
Population
2,518
Households
2.2
Avg Household Size
32
Median Age
16%
College-Educated
74%
High-School Grad
4.2 sq mi
ZIP Area
1,297
Density / Sq Mi
$33,347
Median Household Income
$23,172
Median Earnings
$985
Median Rent
$66,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - M4 zoning and adjoining lots provide room for expansion at this Detroit industrial property.
Where is this manufacturing property located?
The property is located at 6350 Benham St Detroit, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 27,530 square feet on approximately 1.92 acres; Five cranes included; Approximately 1,000 square feet of second‑floor office space
