Plymouth Industrial Building For
For Sale
Contact for pricing
401 Industrial Drive, Plymouth, MI 48170
20,000 SF industrial building near downtown Plymouth.
Property Size20,000 SF
Lot Size1.39 Acres
Price / SF$105
Days on Market696
Property Features for 401 Industrial Drive
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.39 Acres
Property subtype
Industrial
Listing Agency:
Gerdom Realty & Investment
(248) 242-6766
Listed By:
Michael Murphy · License #6501389134
Source:
Crexi
Added: Sep 4, 2024
Changed: Jul 10
Last Checked: Jul 30 at 3:04PM
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 Gerdom Realty & Investment
Investment Insights
Based on property information with market context.
This 20,000 square foot industrial building is situated on 1.39 acres near downtown Plymouth, offering convenient access to I-275, I-96, and M-14. The property features ample power and air conditioning. The building includes a combination of office and flex space, making it suitable for light industrial or manufacturing uses. This property presents an opportunity for investment with a long-term tenant already in place.
Key Highlights
- Long‑term tenant provides immediate investment income.
- Convenient location near downtown Plymouth with easy access to I‑275, I‑96, and M‑14.
- 20,000 SF industrial building on 1.39 AC.
Financial Insights For Flex RnD
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 | $201.6k | $10.08 |
| − Vacancy | −$7.5k | −$0.37 |
| EGI | $194.1k | $9.71 |
| − OpEx | −$67.9k | −$3.40 |
| NOI | $126.2k | $6.31 |
20,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.80M
$1.58M – $2.10M
NOI $126,192 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$1.48M
$1.29M – $1.73M
NOI $103,542 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.32M
NOI $259,200 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48170, MI
41,069
Population
18,184
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
34.5 sq mi
ZIP Area
1,190
Density / Sq Mi
$109,442
Median Household Income
$68,920
Median Earnings
$1,114
Median Rent
$400,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jeff Zak Catering — 696 N Mill St # 102, Plymouth, MI 48170
- All Season's Catering — 578 Starkweather St, Plymouth, MI 48170
Frequently Asked Questions
What type of property is this?
Flex space - 20,000 SF industrial building near downtown Plymouth.
Where is this flex space located?
The property is located at 401 Industrial Drive Plymouth, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Long‑term tenant provides immediate investment income.; Convenient location near downtown Plymouth with easy access to I‑275, I‑96, and M‑14.; 20,000 SF industrial building on 1.39 AC.
