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    11400 Shoemaker St Detroit, MI 48213

    For Sale
    $1,600,000

    Spacious Detroit warehouse, ideal for investors.

    Property size:
    73,301 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 73,301 square foot industrial warehouse, located at 11400 Shoemaker St, Detroit, MI 48213, presents a compelling investment opportunity. Built in 1921, this two-story building boasts a desirable M4 zoning classification, ensuring versatile usage potential. The property features three loading docks and one dock-high door, facilitating efficient loading and unloading operations. A significant advantage is the 12-foot clear height, providing ample space for storage and operations. The asking price is $1,600,000, translating to $21.83 per square foot. The lease type is gross, and the property is currently vacant, offering immediate occupancy for the new owner. Convenient access to I-94 and M-53 highways ensures seamless transportation logistics. The property also includes a large fenced parking lot, providing ample space for vehicles and equipment. Please note that any existing cell tower on the property is not included in the sale. This warehouse is a prime opportunity for businesses seeking a strategically located, well-equipped industrial space in the heart of Detroit.

    Property Features for 11400 Shoemaker St

    General Information

    Property type
    Distribution properties
    Square Feet
    73,301 SF

    Building Details

    Year Built
    1921
    Stories
    2

    HighLights

    • 73,301 SF, two‑story industrial warehouse.
    • Three overhead doors, one dock‑high door, and 12‑foot clear height.
    • M‑4 zoning.
    • Convenient access to I‑94 and M‑53.
    • Large fenced parking lot; cell tower excluded from sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Atlas Warehouse Equipment ... General Contractor

    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
    -82.98573087733
    Latitude
    42.390151968687

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    FAQs

    What type of property is this?
    Distribution property - Spacious Detroit warehouse, ideal for investors.
    Where is this distribution property located?
    The property is located at 11400 Shoemaker St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 73,301 SF, two-story industrial warehouse.; Three overhead doors, one dock-high door, and 12-foot clear height.; M-4 zoning.
    Request Owner's contact information
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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
    11400 Shoemaker St Detroit, MI 48213
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