19250 John R St Highland Park, MI 48203
- Warehouses
- 20,187 SF
- 0.54 lot acres
Current Use by Public Records
- Warehouses
Property Details for 19250 John R St
- Year built
- 1975
- Lot size
- 0.54 lot acres
- Property size
- 20,187 SF
- Zone code
- M4
- Property type
- Warehouses
- APN
- 09024349-57
- APU
- 902434957
Description
This exceptional 20,157-square-foot industrial property, located at 19250 John R Street in Detroit, Michigan (zip code 48203), presents a compelling investment opportunity. Priced at $550,000 ($27.28/sq ft), this vacant building offers significant potential for various manufacturing and warehousing operations. The property boasts a flexible layout suitable for diverse industrial uses, zoned M4 for intensive industrial purposes. High ceilings, ranging from 15 to 30 feet, provide ample vertical space for storage and operations. The building features three cranes with varying capacities (15-ton, 7.5-ton, and 2.5-ton), enhancing operational efficiency. A significant advantage is the inclusion of newly renovated office space, providing comfortable administrative areas. Furthermore, the property includes a half-acre gated parking lot, ensuring secure vehicle access and storage. This stand-alone, single-tenant building offers a rare opportunity to acquire a well-equipped industrial space in a strategic Detroit location. The property is situated in Wayne County and is readily accessible via major transportation routes. This is a turnkey solution for businesses seeking a functional and well-maintained industrial facility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $195,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $195,000
- Mixed-Use
- $235,000
- Hospitality
- $210,000
- Educational
- $230,000
- Residential Income
- $230,000
- Energy
- $195,000
- Income-Based Land
- $235,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1021
- Latitude
- 42.4344
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA