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629 Minnesota Rd Troy, MI 48083

OFF-MARKET Warehouses Google Maps
6,800 SF 0.66 ac lot Built 1972
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 6,800 square foot industrial warehouse in Troy, Michigan, presents a compelling investment opportunity. Located in the IB Integrated Industrial Business District, this Class C property boasts a convenient location just one mile east of the I-75 14 Mile exit. Built in 1972, the single-story building features a 14-foot ceiling height and two 12' x 12' grade-level doors. The property includes a fenced parking lot with 40 spaces and sits on a 0.66-acre lot. The warehouse is temperature-controlled with air conditioning and ductwork throughout. Currently configured as a duplex, the property offers 3,600 square feet of vacant space, ideal for an owner-user, and 3,200 square feet leased to a long-term tenant, providing immediate income potential. The asking price is $750,000, translating to $131.62 per square foot. The property's APN is 20-36-401-029. This well-maintained property offers a blend of immediate income and future expansion potential, making it an attractive investment in a prime Troy location.

Property profile

Verified
Property type Warehouses
Year built 1972
Total area 6,800 SF
Lot 0.66 ac (28,750 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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