Multi-Unit Industrial
710-712 Minnesota Troy, MI 48083
710-712 Minnesota, Troy, MI, 48083
$1,975,000
For Sale
$1,975,000
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$99.32
Days on Market47
Property Features for 710-712 Minnesota
General Information
- Standard status
- Active
- Size
- 19,885 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing Agency
Friedman Integrated Real Estate - Corporate
(240) 361-8988
Listed by
Zach Cummings
(240) 361-8988
Source
Friedmanrealestate
Added: Jun 2 Checked: Jul 17 at 4:38 am
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 - Corporate
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.
Local Financial Insights For Warehouse
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 | $146.2k | $7.35 |
| − Vacancy | −$5.4k | −$0.27 |
| EGI | $140.7k | $7.08 |
| − OpEx | −$21.1k | −$1.06 |
| NOI | $119.6k | $6.02 |
19,885 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $1.99M
NOI $119,635 @ 7.0% cap · market cap 6.06%
Second Best
Industrial
$1.41M
$1.23M – $1.64M
NOI $98,523 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$4.29M
$3.75M – $5.00M
NOI $300,232 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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 $1,975,000.
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.
