Crane-Equipped Flex
661 Southfield Road, Lincoln Park, MI 48146
For Sale
Contact for pricing
Warehouse and office areas are paired with a secure, fenced outdoor yard.
Property Size14,000 SF
Lot Size0.58 Acres
Price / SF$71.36
Days on Market8
Property Features for 661 Southfield Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Three-Phase Power
Heavy Power
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
Burger & Company
Listed By:
Paul Burger · License MI #6502115574
(586) 202-7800
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:42PM
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
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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.
This freestanding brick-and-block flex property contains 14,000 SF, including approximately 12,500 SF of warehouse area and 1,500 SF of offices. Warehouse features include 16’–18’ clear height, heavy 3-phase power, floor drains, LED lighting, a GFA boiler, radiant heat, and six grade-level doors: two measuring 12’x12’ and four measuring 12’x14’. Two 1/2-ton cranes and two 5-ton cranes are also installed. The office portion has multiple private offices, three restrooms, and a fully equipped kitchen.
The 0.58-acre property has a fenced, gated yard for outdoor storage and on-site parking. It is near Fort & Jefferson in Lincoln Park and is zoned Central Business District.
The 0.58-acre property has a fenced, gated yard for outdoor storage and on-site parking. It is near Fort & Jefferson in Lincoln Park and is zoned Central Business District.
Key Highlights
- 14,000 SF building with approximately 12,500 SF of warehouse and 1,500 SF of office space
- Two 12’x12’ and four 12’x14’ grade‑level doors
- 16’–18’ clear height, heavy 3‑phase power, floor drains, and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,334
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,680
$1.8M
Cap Rate 7%
$1,261,914
$1.3M
Cap Rate 9%
$981,489
$981.5K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$141.1K $10.08/SF
− Vacancy
−$5.2K −$0.37/SF
EGI
$135.9K $9.71/SF
− OpEx
−$47.6K −$3.40/SF
NOI
$88.3K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,680
Cap Rate 7%
$1,261,914
Cap Rate 9%
$981,489
Alternative Uses
Best Use
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,334 @ 7.0% cap · market cap 8.84%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,010 @ 7.0% cap · market cap 8.81%
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,440 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
6
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Wayne County, MI
Properties on Market for Flex space in Wayne County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are paired with a secure, fenced outdoor yard.
Where is this flex space located?
The property is located at 661 Southfield Road Lincoln Park, MI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 14,000 SF building with approximately 12,500 SF of warehouse and 1,500 SF of office space; Two 12’x12’ and four 12’x14’ grade‑level doors; 16’–18’ clear height, heavy 3‑phase power, floor drains, and LED lighting
