14225 Schaefer Hwy Detroit, MI 48227
- Warehouses
- 54,048 SF
- 1.75 lot acres
Current Use by Public Records
- Warehouses
Property Details for 14225 Schaefer Hwy
- Year built
- 1950
- Lot size
- 1.75 lot acres
- Property size
- 54,048 SF
- Zone code
- M4
- Property type
- Warehouses
- APN
- 22030891.
- APU
- 22030891
Description
This 44,000-square-foot industrial building in Detroit, Michigan, is available for sale or lease. Situated on a 1.76-acre lot, this single-story structure boasts a 13-foot ceiling height and 600 amps of power. The property features nine suites, with a minimum divisible space of 20,000 square feet and a maximum contiguous space of 44,000 square feet. Currently, the entire 44,000 square feet is vacant. The building is zoned M4 and is ideally suited for various uses, including self-storage, warehousing, processing, manufacturing, commissary operations, trucking, and cannabis cultivation and processing (City of Detroit approved). Key features include a private fenced property, multiple units separated by firewalls, and a central location near major highways and downtown Detroit/Canada. The building has received special land use approval from the City of Detroit for cannabis cultivation and processing. This exceptional property presents a unique opportunity for a variety of businesses seeking a strategically located and versatile industrial space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,060,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,650,000
- 6.5%
- $1,570,000
- 7%
- $1,800,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,750,000
- Geo Method
- $1,530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,655,000
- Retail
- $1,450,000
- Mixed-Use
- $1,835,000
- Hospitality
- $1,590,000
- Educational
- $1,565,000
- Residential Income
- $1,935,000
- Energy
- $1,715,000
- Income-Based Land
- $1,880,000
- Food Service
- $1,630,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1798
- Latitude
- 42.3913
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
