Wyandotte Industrial Facility with
580 Hillsdale St Wyandotte, MI 48192
580 Hillsdale St, Wyandotte, MI, 48192
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For Sale
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47,250 SF industrial facility featuring heavy power and multiple cranes.
Property Size47,250 SF
Price / SF$59.26
Days on Market733
Property Features for 580 Hillsdale St
General Information
- Standard status
- Active
- Size
- 47,250 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing agency
Signature Associates
(248) 359-0623
Listed by
Alex Timmis · License #MI 6501421748
Source
Crexi
Added: Jul 19, 2024 Updated: Jul 6 at 7:42AM Checked: Jul 21 at 4:15AM
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 Signature Associates
Investment Insights
Based on property information with market context.
This 47,250 square foot industrial facility is available for sale. The property features heavy power, high bay areas, and a craned facility with thirteen cranes of various capacities, including four 25-ton cranes, one 10-ton crane, one 5-ton crane, two 2-ton cranes, and five 0.5-1-ton jib cranes. Clear heights within the building range from 20 feet to 24 feet and 35 feet. The property includes a fenced-in paved storage yard, six grade-level doors, and one loading dock. The vacated Albion Street area is available for additional parking. The property can be purchased individually or in conjunction with 550 Hillsdale Street and/or 555 Grove Street.
Key Highlights
- 47,250 sq. ft. heavy power, high bay, craned facility.
- Equipped with (13) cranes of various capacities, including (4) 25‑ton cranes.
- Offers clear heights of 20', 24' and 35'.
Local Financial Insights For Industrial
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 | $362.9k | $7.68 |
| − Vacancy | −$13.4k | −$0.28 |
| EGI | $349.5k | $7.40 |
| − OpEx | −$104.8k | −$2.22 |
| NOI | $244.6k | $5.18 |
47,250 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.49M
$3.06M – $4.08M
NOI $244,617 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.75M
$7.65M – $10.21M
NOI $612,360 @ 7.0% cap · market cap 21.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - 47,250 SF industrial facility featuring heavy power and multiple cranes.
Where is this manufacturing property located?
The property is located at 580 Hillsdale St Wyandotte, MI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 47,250 sq. ft. heavy power, high bay, craned facility.; Equipped with (13) cranes of various capacities, including **(4) 25‑ton cranes.**; Offers clear heights of 20', 24' and **35'.**
