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    7720 Chicago Detroit, MI 48204

    For Sale
    $825,000

    Industrial property, 15,585 SF, 2.25 acres.

    Property size:
    15,585 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Detroit industrial property, located at 7720 W Chicago, offers 15,585 square feet of warehouse and manufacturing space situated on a 2.25-acre lot. The property boasts a fully fenced and gated yard, providing ample secure outdoor storage. Its M-4 zoning allows for a variety of industrial uses. The building presents an excellent opportunity for businesses needing both shop space and substantial outdoor storage capabilities. Conveniently located within a half-mile of I-96 and Livernois, this property offers excellent access to major transportation arteries. The asking price for this turnkey industrial property is $825,000. The property's APN is 16-004797. This is a rare opportunity to acquire a well-located, versatile industrial property in a thriving area of Detroit, Michigan, with a zip code of 48204. The property is in Wayne County.

    Property Features for 7720 Chicago

    General Information

    Property type
    Manufacturing properties
    Square Feet
    15,585 SF
    Lot Size
    98,010 SF

    HighLights

    • 15,585 SF warehouse/manufacturing space available.
    • 2.25‑acre lot with fully fenced and gated yard.
    • M‑4 zoning.
    • Excellent shop and outdoor storage.
    • Excellent access to I‑96 & Livernois (within 0.5 miles).
    • Asking price: $825,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ROI Urban Designs Landscape Architect ROI Urban Farms Farm

    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
    -83.147601
    Latitude
    42.3668536

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial property, 15,585 SF, 2.25 acres.
    Where is this manufacturing property located?
    The property is located at 7720 Chicago Detroit, MI.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 15,585 SF warehouse/manufacturing space available.; 2.25-acre lot with fully fenced and gated yard.; M-4 zoning.
    Request Owner's contact information
    7720 Chicago Detroit, MI 48204
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    Detroit, MI 48204
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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
    7720 Chicago Detroit, MI 48204
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