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    2221-2241 Bellevue St Detroit, MI 48207

    Sponsored
    For Lease
    $6 SF/Yr

    Detroit, MI: Executive Suites & Warehouse Space Available

    Lot size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A property, located at 2221-2241 Bellevue Street in Detroit, Michigan, offers a unique blend of executive office and warehouse space. The building, totaling 45,000 square feet, sits on a generous 2.02-acre lot (APN 15-013271) and boasts a prime location in Wayne County, zip code 48207. Originally constructed in 1915 and extensively renovated in 2021, this property provides modern amenities within a historically significant structure. Currently, 25,000 square feet of space is available, with a minimum divisible unit of 5,000 square feet, allowing for flexibility to accommodate various business needs. The warehouse component features impressive 56-foot ceiling heights and two dock-high doors, ideal for efficient loading and unloading. The property is zoned M-4, providing ample opportunities for a variety of industrial and commercial uses. This versatile property is perfect for businesses seeking a combination of executive office space and substantial warehouse capacity in a thriving Detroit location. Contact us today to learn more about leasing opportunities and explore the potential of this remarkable property.

    Property Features for 2221-2241 Bellevue St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,000 SF
    Class
    A
    Total Rate
    22500

    Building Details

    Year Built/Renovated
    1915/2021

    Unit(s) available at that property

    Space
    20,000 SF Industrial Space
    Size
    20,000 SF
    Rate per SF
    $6

    HighLights

    • 45,000 SF Class A building for sale, 25,000 SF available for lease.
    • $3,050,000 sale price ($67.77/SF).
    • 2020 renovation: $1,050,000 invested in upgrades.
    • New radiant floor heating in warehouse, new furnace in office area.
    • Extensive concrete repairs, new LED lighting, and new windows throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0131051
    Latitude
    42.3551348

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    FAQs

    What type of property is this?
    Distribution property - Detroit, MI: Executive Suites & Warehouse Space Available
    Where is this distribution property located?
    The property is located at 2221-2241 Bellevue St Detroit, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 45,000 SF Class A building for sale, 25,000 SF available for lease.; $3,050,000 sale price ($67.77/SF).; 2020 renovation: $1,050,000 invested in upgrades.
    Request Owner's contact information
    2221-2241 Bellevue St Detroit, MI 48207
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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
    2221-2241 Bellevue St Detroit, MI 48207
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