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Property profile & analytics
OFF-MARKET
Warehouses

23261 Fenkell Ave Detroit, MI 48223

10,772 SF 0.8 ac lot Built 1927
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1927
Total area 10,772 SF
Lot 0.8 ac (34,848 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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