23261 Fenkell Ave Detroit, MI 48223
This exceptional Class A industrial property, located at 23261 Fenkell Avenue in Detroit, Michigan, presents a unique investment opportunity. Boasting 10,772 square feet of versatile flex space, suitable for manufacturing, warehousing, or showroom purposes, this property sits on a sizable 0.8-acre lot. Built in 1927, the building benefits from a recently replaced roof covering half its area, offering immediate equity potential. The property is currently vacant, providing flexibility for immediate occupancy and customization. Its strategic location on Fenkell Avenue, just east of Telegraph, ensures high visibility and accessibility, ideal for businesses seeking high traffic exposure. The asking price is $237,500, translating to a price per square foot of $22.00. The property is zoned for commercial use, and includes a vacant corner lot, adding further development potential. This is an excellent opportunity to acquire a substantial industrial space in a prime Detroit location at a competitive price. The property's size and versatility make it suitable for a wide range of businesses seeking a well-located and functional space. Don't miss this chance to capitalize on this promising investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.