14410 Meyers Rd Detroit, MI 48227
- Warehouses
- 16,200 SF
- 0.85 lot acres
Current Use by Public Records
- Franklin Auto Removal's / Junk Dealer
Property Details for 14410 Meyers Rd
- Year built
- 1967
- Lot size
- 0.85 lot acres
- Property size
- 16,200 SF
- Zone code
- M4
- Property type
- Warehouses
- APN
- 16005907.002
- APU
- 16005907002
Description
This exceptional 16,200-square-foot industrial property, located at 14410 Meyers Rd in Wayne County, presents a unique investment opportunity. Built in 1967 and extensively renovated in 2020, this single-tenant facility boasts a modern design ideal for manufacturing, warehousing, or distribution. The building features a single story with an impressive 18-foot ceiling height, providing ample vertical space for operations. Two oversized drive-in doors facilitate efficient loading and unloading, enhancing operational flow. The 0.85-acre lot provides sufficient space for maneuvering and potential expansion. The property's recent renovation includes a newly updated office and reception area, creating a professional and welcoming environment. Previously used as a state-of-the-art automotive collision facility, the building is equipped with high-quality features such as a paint booth, advanced frame machine, multiple hoists, and mixing stations, making it suitable for a variety of industrial uses. Its strategic location offers convenient access to major freeways, ensuring seamless transportation for both employees and clients. The property is available for both sale and lease. This is an unparalleled chance to acquire a fully equipped, modern industrial space in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $635,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $625,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $720,000
- Retail
- $650,000
- Mixed-Use
- $595,000
- Hospitality
- $620,000
- Educational
- $755,000
- Residential Income
- $560,000
- Energy
- $600,000
- Income-Based Land
- $755,000
- Food Service
- $595,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1686
- Latitude
- 42.3946
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
