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    3401 Martin Rd Detroit, MI 48216

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    For Lease
    Contact for pricing

    170,000 SF Flex Space, Rail Served

    Lot size:
    170,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 170,000-square-foot industrial flex space, located at 3401 Martin Road in Detroit, Michigan, presents a unique investment opportunity. Situated on an expansive 11.58-acre fenced lot in Wayne County (zip code 48216), this single-tenant property boasts a blend of warehouse and office space ideal for a variety of uses. The building, constructed in 1945 and extensively renovated in 2010, offers a functional layout with 8,000 square feet dedicated to office space. High ceilings, ranging from 10 to 16 feet, provide ample vertical space. The property features four loading docks and four grade-level doors, ensuring efficient loading and unloading operations. A significant advantage is the on-site rail access, providing convenient transportation options. Further enhancing its functionality is a three-ton crane and ample outside storage space. The property is zoned M-4, allowing for a range of industrial and manufacturing activities. This well-maintained property offers a compelling combination of size, location, and features, making it an attractive option for businesses seeking a versatile and strategically located industrial space in Detroit.

    Property Features for 3401 Martin Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,000 SF

    Building Details

    Year Built/Renovated
    1945/2010

    Unit(s) available at that property

    Space
    Size
    170,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0737195
    Latitude
    42.3272581

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    FAQs

    What type of property is this?
    Flex space - 170,000 SF Flex Space, Rail Served
    Where is this flex space located?
    The property is located at 3401 Martin Rd Detroit, MI.
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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
    3401 Martin Rd Detroit, MI 48216
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