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    160 Victor St Highland Park, MI 48203

    Sponsored
    For Sale
    $225,000

    Industrial warehouse, 4,268 sq ft, great potential.

    Property size:
    4,268 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Highland Park, Michigan warehouse presents a unique investment opportunity at $225,000. Located at 160 Victor St, 48203, this single-story, 4,268 square foot building sits on a 0.29-acre lot with a fenced and paved yard. Built in 1964, the property features 3,000 square feet of rentable office space and 1,268 square feet of industrial space, with a 14-foot ceiling height. The warehouse includes one 9' x 12' grade-level dock high door and 220-volt power. Currently configured as a broadcast facility, this property offers significant potential for conversion back to its original warehouse/office use. The property is zoned for industrial use and offers a compelling price per square foot of $52.72. This is an excellent opportunity for an investor or business seeking a versatile space in a convenient location within Wayne County.

    Property Features for 160 Victor St

    General Information

    Property type
    Distribution properties
    Square Feet
    4,268 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1

    HighLights

    • $225,000 asking price for this Highland Park, MI warehouse.
    • 4,268 total square feet, with 3,000 square feet of rentable office space.
    • Features a 14‑foot clear ceiling height and one 9' x 12' grade‑level loading door.
    • Situated on a 0.29‑acre lot with a fenced and paved yard.
    • Currently configured as a broadcast facility, easily adaptable back to warehouse/office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0919574
    Latitude
    42.4081302

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 4,268 sq ft, great potential.
    Where is this distribution property located?
    The property is located at 160 Victor St Highland Park, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for this Highland Park, MI warehouse.; 4,268 total square feet, with 3,000 square feet of rentable office space.; Features a 14-foot clear ceiling height and one 9' x 12' grade-level loading door.
    Request Owner's contact information
    160 Victor St Highland Park, MI 48203
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    Highland Park, MI 48203
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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
    160 Victor St Highland Park, MI 48203
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