2221-2241 Bellevue Street, Detroit, MI 48207
Industrial properties
- Added:
- Jan 27, 2024
- Days on Market:
- 891
- Last Refresh:
- Jul 5 at 12:38 pm
Property Features for 2221-2241 Bellevue Street
General Information
- Standard status
- Active
- Size
- 45,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1915
Listing office Friedman Real Estate (248) 848-4149
Listing date Jan 27, 2024
Source Crexi
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 Real Estate
HighLights
- For sale
- Year Built: 1915
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 | $329.4k | $7.32 |
| − Vacancy | −$16.7k | −$0.37 |
| EGI | $312.7k | $6.95 |
| − OpEx | −$93.8k | −$2.08 |
| NOI | $218.9k | $4.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0131993
- Latitude
- 42.3551315
