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    2221-2241 Bellevue St Detroit, MI 48207

    Sponsored
    For Sale
    $3,075,000

    45,000 SF Class A Warehouse, $3.075M

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A industrial warehouse, located at 2221-2241 Bellevue Street in Detroit, Michigan, presents a compelling investment opportunity. Boasting 45,000 square feet on a 2.02-acre lot (APN 15-013271), this property features a remarkable 14-60 foot clear ceiling height, ideal for various industrial uses. Originally constructed in 1915 and extensively renovated in 2021 for $1,050,000, the building is in pristine condition. Upgrades include a new radiant heating system in the shop area, a new furnace in the office, extensive concrete repairs, and the installation of all new LED lighting both inside and outside the building, along with all new windows. The property is zoned M-4 and offers a heavy crane capacity. The asking price is $3,075,000, translating to $68.33 per square foot. This represents a rare chance to acquire a meticulously maintained, high-quality industrial space in a prime Detroit location. The property is ready for immediate occupancy.

    Property Features for 2221-2241 Bellevue St

    General Information

    Property type
    Distribution properties
    Square Feet
    45,000 SF
    Class
    A
    Lot Size
    87,991 SF

    Building Details

    Year Built/Renovated
    1915/2021

    HighLights

    • 10‑Year Sale‑Leaseback Opportunity
    • 45,000 SF Class A Industrial Building with Heavy Crane
    • 14'-60' Clear Height; Sale Price: $3,075,000 ($68.33/SF)
    • $1,050,000 in 2020 Renovations including Radiant Heat, New Furnace, Concrete Repairs, LED Lighting, and Windows.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0131051
    Latitude
    42.3551348

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    FAQs

    What type of property is this?
    Distribution property - 45,000 SF Class A Warehouse, $3.075M
    Where is this distribution property located?
    The property is located at 2221-2241 Bellevue St Detroit, MI.
    What is the asking price?
    The asking price for this property is $3,075,000.
    What are key features of this property?
    This property features: 10-Year Sale-Leaseback Opportunity; 45,000 SF Class A Industrial Building with Heavy Crane; 14'-60' Clear Height; Sale Price: $3,075,000 ($68.33/SF)
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2221-2241 Bellevue St Detroit, MI 48207
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