Industrial Building with Commercial
6700-6724 E Davison St Detroit, MI 48212
6700-6724 E Davison St, Detroit, MI, 48212
$530,000
For Sale
$530,000
Industrial building offered with commercial kitchen space and walk-in coolers and freezers across multiple tax parcels.
Property Size3,200 SF
Price / SF$165.63
Days on Market154
Property Features for 6700-6724 E Davison St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1967
Properties For Sale
at 6700-6724 E Davison St Contact us
Listing agency
Forum Group
(248) 230-8037
Listed by
Dan Callaway
(248) 230-8037
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 22 at 11:40AM Checked: Jul 22 at 11:40AM
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 Forum Group
Investment Insights
Based on property information with market context.
This sale includes a Vandyke/Sherwood commercial kitchen setup with walk-in coolers and freezers, contained within a 14,862 SF industrial building. The building’s commercial kitchen areas are described as 3,200 SF and 7,800 SF, and the property is identified on three separate tax ID parcels.
The property is located on the southeast corner of E Davison St and Sherwood St in Detroit, Michigan, offering a single industrial building footprint spanning the described parcels at 6700–6724 E Davison St.
For buyers evaluating an industrial kitchen-oriented use, the configuration includes dedicated refrigerated components (walk-in coolers and freezers) within the stated kitchen spaces and the larger warehouse/industrial building shell.
The property is located on the southeast corner of E Davison St and Sherwood St in Detroit, Michigan, offering a single industrial building footprint spanning the described parcels at 6700–6724 E Davison St.
For buyers evaluating an industrial kitchen-oriented use, the configuration includes dedicated refrigerated components (walk-in coolers and freezers) within the stated kitchen spaces and the larger warehouse/industrial building shell.
Key Highlights
- 1967‑built industrial building offered with commercial kitchen space
- Includes walk‑in coolers and walk‑in freezers
- 14,862 SF industrial building
Local Financial Insights For Specialty Retail
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 | $59.5k | $18.60 |
| − Vacancy | −$3.2k | −$1.00 |
| EGI | $56.3k | $17.60 |
| − OpEx | −$14.1k | −$4.40 |
| NOI | $42.2k | $13.20 |
3,200 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$603.3K
$527.9K – $703.8K
NOI $42,229 @ 7.0% cap · market cap 7.97%
Second Best
Warehouse
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial kitchens
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial kitchen - Industrial building offered with commercial kitchen space and walk-in coolers and freezers across multiple tax parcels.
Where is this commercial kitchen located?
The property is located at 6700-6724 E Davison St Detroit, MI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 1967‑built industrial building offered with commercial kitchen space; Includes walk‑in coolers and walk‑in freezers; 14,862 SF industrial building
