Property summary
This exceptional 4,744 square foot commercial building presents a compelling investment opportunity in the thriving Eastpointe, MI market. Strategically located on a 0.24-acre lot at 16811 Stephens, this property boasts high visibility and ample parking, making it ideal for a variety of businesses. The building's versatile layout features a well-balanced mix of approximately 70% warehouse space and 30% office space, catering to diverse operational needs. Two convenient roll-up doors facilitate efficient loading and unloading, enhancing operational efficiency. The warehouse area offers approximately 10-foot ceiling height, providing ample vertical space for storage or equipment. The property is zoned B-1 Commercial, allowing for flexible usage including office, retail, or other compatible commercial ventures. Detailed floor plans are available for review, providing a comprehensive understanding of the interior layout and spatial distribution. This property's prime location, combined with its functional design and flexible zoning, makes it an attractive option for businesses seeking a well-maintained and strategically positioned commercial space in Eastpointe. The asking price for this exceptional property is $350,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R-1, Low-Density Residential District. The Low-Density Residential District is designed to provide for an environment of one-family to two-family dwellings, along with other traditional neighborhood uses that serve the r…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Eastpointe, MIR-1, Low-Density Residential District. The Low-Density Residential District is designed to provide for an environment of one-family to two-family dwellings, along with other traditional neighborhood uses that serve the r…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R-1, Low-Density Residential District. The Low-Density Residential District is designed to provide for an environment of one-family to two-family dwellings, along with other traditional neighborhood uses that serve the r…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-1 in Eastpointe, MI.
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