21630 Seven Mile Rd Detroit, MI 48219
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37,670 SF Warehouse, 100% Leased
Property size:
37,670 SFProperty Features for 21630 Seven Mile Rd
General Information
- Property type
- Distribution centers
- Square Feet
- 37,670 SF
- Class
- B
- Lot Size
- 89,298 SF
Building Details
- Year Built/Renovated
- 1990/2021
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: PA Commercial Listing Agent: John Arthurs
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This single-story, 37,670-square-foot industrial distribution building in Detroit, MI, presents a compelling investment opportunity. Built in 1990 and renovated in 2021, the Class B property boasts a 2.05-acre lot with 60 parking spaces and a fully fenced and gated yard. The building features a 35,000+ square foot shop area and a 2,770 square foot office space, with 9-20 foot ceiling heights, three truckwells, a clear-span bay, LED lighting, and 220 Volt/600 Amp power. The property is 100% occupied by a single tenant under a five-year lease commencing November 2, 2022, and expiring October 31, 2027, offering a remaining lease term of approximately 2.9 years. The building has 100% fire suppression. The property's location on West Seven Mile Road, near Lahser Road, provides convenient access to major transportation routes and logistical infrastructure, including the Detroit Metropolitan Wayne County Airport and the Port of Detroit. The asking price is $2,299,000, representing a price per square foot of $79.51 and a cap rate of 9.83%. The Net Operating Income (NOI) is $226,020. The property is zoned B-4 Warehouse Use and has the APN 22-016834. This is an owner-user investment opportunity with significant potential for long-term growth and return.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2567896
- Latitude
- 42.4295378
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FAQs
What type of property is this?
Distribution center - 37,670 SF Warehouse, 100% Leased
Where is this distribution center located?
The property is located at 21630 Seven Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 37,670 SF distribution building with 2,670 SF of office space.; Five-year lease expiring October 31, 2027.; Three truck wells.
