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    19430 Mount Elliott St Detroit, MI 48234

    Sponsored
    For Lease
    $15 SF/Yr ($18,001 /Mo)

    14,000 SF Warehouse, Excellent Location

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,000-square-foot industrial warehouse, situated on a 1.4-acre lot in Wayne County's Detroit E of Woodward submarket, presents a significant opportunity. The single-tenant property boasts a prime location with easy access via Mount Elliott St and 7 Mile Rd. Built in 1950 and renovated in 2011, the building features a spacious layout with 12-20 foot ceiling heights, ideal for various industrial uses. Loading and unloading are facilitated by two dock-high doors and one grade-level overhead door, complemented by ample parking for at least 30 vehicles, with additional space for outdoor storage within the fully fenced property. The property includes 11,500 square feet of warehouse space and 2,500 square feet of air-conditioned office space. Modern amenities such as LED lighting and three-phase power are in place. The M4 industrial zoning ensures versatility, and the property's proximity to major transportation routes enhances logistical efficiency. While currently occupied, the tenant is expected to vacate within a few months, allowing for immediate occupancy for a new tenant. Please note that direct contact with the current tenant is discouraged to avoid disruption to their operations. The property's APN is 15-01-444-40-02.

    Property Features for 19430 Mount Elliott St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    Total Rate
    18001.67

    Building Details

    Year Built/Renovated
    1950/2011
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,000 SF
    Rate per SF
    $15

    HighLights

    • 14,000 SF industrial warehouse available for lease in Detroit's Mount Elliott Development District.
    • Single‑tenant occupancy, currently occupied with tenant vacating within months.
    • 1.4‑acre lot with ample parking (30+ spaces) and fenced yard.
    • Building features include 12‑20' ceilings, 2 loading docks, 1 drive‑in door, and 3‑phase power.
    • Renovated in 2011, the property includes approximately 11,500 SF of warehouse space and 2,500 SF of air‑conditioned office space.
    • M4 Industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jake Auto Parts Used Auto Parts Store

    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
    -83.0385947
    Latitude
    42.4255285

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    FAQs

    What type of property is this?
    Distribution property - 14,000 SF Warehouse, Excellent Location
    Where is this distribution property located?
    The property is located at 19430 Mount Elliott St Detroit, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 14,000 SF industrial warehouse available for lease in Detroit's Mount Elliott Development District.; Single-tenant occupancy, currently occupied with tenant vacating within months.; 1.4-acre lot with ample parking (30+ spaces) and fenced yard.
    Request Owner's contact information
    19430 Mount Elliott St Detroit, MI 48234
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    Detroit, MI 48234
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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
    19430 Mount Elliott St Detroit, MI 48234
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