Multi-Unit Industrial
For Sale
$1,875,000
710-712 Minnesota, Troy, MI 48083
Two-building industrial site with office space, multiple grade-level doors, and strong power capacity for flexible tenant use.
Property Size19,885 SF
Price / SF$94.29
Days on Market140
Property Features for 710-712 Minnesota
General Information
Standard status
Active
Size
19,885 SF
Total Parking Spaces
50
Property subtype
Industrial
Zoning
IB
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
5
Heavy Power
Yes
Building Details
Building Size
19,885 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Zach Cummings
(240) 361-8988
Source:
Friedmanrealestate
Added: Jun 2
Changed: Oct 7
Last Checked: Oct 19 at 4:24AM
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 Friedman Integrated Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is a multi-unit industrial site totaling about 19,885 SF on a single parcel, consisting of two separate addresses: 710 Minnesota and 712 Minnesota. Unit 710 includes approximately 16,375 SF of warehouse space with about 2,750 SF of office, featuring clear heights ranging from 14'6" to 18'6". It is served by two 12x12 grade-level doors and one 14x17 grade-level door (240V), with 3-phase power and an estimated 800 amps (minimum) supported by a transformer, buss ducts, and airlines throughout.
Unit 712 provides approximately 3,510 SF with about 340 SF of office, with 14'6" clear height. The warehouse is equipped with one 10x12 grade-level door and one 12x12 grade-level door (240V), also with 3-phase power and an estimated 400 amps, with buss ducts and airlines throughout. Both units are offered together as a multi-unit industrial configuration in Troy, MI.
This setup can work well for industrial tenants that need warehouse-ready functionality plus dedicated office space, including operations benefiting from multiple grade-level doors and mid-to-high clearances. Buyers or owner-users may also value the split layout for partnering, consolidating space, or occupying one unit while leasing the other.
Unit 712 provides approximately 3,510 SF with about 340 SF of office, with 14'6" clear height. The warehouse is equipped with one 10x12 grade-level door and one 12x12 grade-level door (240V), also with 3-phase power and an estimated 400 amps, with buss ducts and airlines throughout. Both units are offered together as a multi-unit industrial configuration in Troy, MI.
This setup can work well for industrial tenants that need warehouse-ready functionality plus dedicated office space, including operations benefiting from multiple grade-level doors and mid-to-high clearances. Buyers or owner-users may also value the split layout for partnering, consolidating space, or occupying one unit while leasing the other.
Key Highlights
- Two‑building industrial site totaling 19,885 SF on 1 parcel (710 Minnesota and 712 Minnesota).
- 710 Minnesota includes +/-16,375 SF industrial space plus +/-2,750 SF office; 14'6"–18'6" clear height.
- 710 Minnesota: (2) 12x12 grade‑level doors and (1) 14x17 grade‑level door (240V); 3‑phase power.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,635
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,392,700
$2.4M
Cap Rate 7%
$1,709,071
$1.7M
Cap Rate 9%
$1,329,278
$1.3M
Market Conditions
NOI Build-Up for 19,885 SF
Gross rent
$146.2K $7.35/SF
− Vacancy
−$5.4K −$0.27/SF
EGI
$140.7K $7.08/SF
− OpEx
−$21.1K −$1.06/SF
NOI
$119.6K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,392,700
Cap Rate 7%
$1,709,071
Cap Rate 9%
$1,329,278
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $1.99M
NOI $119,635 @ 7.0% cap · market cap 6.38%
Second Best
Industrial
$1.41M
$1.23M – $1.64M
NOI $98,523 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$4.29M
$3.75M – $5.00M
NOI $300,232 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
18 ft
Clear height
5
Drive-in doors
Multi-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building industrial site with office space, multiple grade-level doors, and strong power capacity for flexible tenant use.
Where is this warehouse located?
The property is located at 710-712 Minnesota Troy, MI.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Two‑building industrial site totaling 19,885 SF on 1 parcel (710 Minnesota and 712 Minnesota).; 710 Minnesota includes +/-16,375 SF industrial space plus +/-2,750 SF office; 14'6"–18'6" clear height.; 710 Minnesota: (2) 12x12 grade‑level doors and (1) 14x17 grade‑level door (240V); 3‑phase power.
