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    14410 Meyers Rd Detroit, MI 48227

    Sponsored
    For Sale
    $799,000

    1-Story Warehouse, Vacant, $799,000

    Property size:
    16,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 16,200-square-foot industrial property, located at 14410 Meyers Rd, Detroit, MI 48227, presents a unique investment opportunity. Situated on a 0.85-acre lot, this single-story building boasts a versatile design suitable for distribution, manufacturing, or warehouse uses. Built in 1967 and extensively renovated in 2020, the property features one building with M4 zoning. The structure includes two oversized overhead doors, facilitating efficient loading and unloading. The interior layout includes a newly renovated office and reception area, enhancing the professional appeal. While previously configured as an automotive collision facility, complete with a high-quality paint booth, advanced frame machine, multiple hoists, and mixing stations, the space is currently vacant and ready for immediate occupancy. Its strategic location in Wayne County, Michigan, offers convenient access to major freeways. The asking price is $799,000. A lease option is also available at $7,500 per month. This property is ideal for businesses seeking a well-maintained, functional space in a prime Detroit location.

    Property Features for 14410 Meyers Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    16,200 SF
    Lot Size
    37,026 SF

    Building Details

    Year Built/Renovated
    1967/2020
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Franklin Auto Removal's Junk Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1686686
    Latitude
    42.3945695

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    FAQs

    What type of property is this?
    Distribution property - 1-Story Warehouse, Vacant, $799,000
    Where is this distribution property located?
    The property is located at 14410 Meyers Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $799,000.
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    14410 Meyers Rd Detroit, MI 48227
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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
    14410 Meyers Rd Detroit, MI 48227
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