Property profile

16811 Stephens Dr Eastpointe, MI 48021

OFF-MARKET
Flex space
Property ID
US43-4627866
4,744 SF 0.23 ac lot Built 1925
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1925
Total area 4,744 SF
Lot 0.23 ac (10,193 SF)
Zoning code R-1
APN 02-14-30-281-014
UPID US43-4627866

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16811 Stephens Dr Eastpointe, MI 48021-1704
Eastpointe metro Census 258100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2025
Last sale
$200,000
5 recorded transactions
2025
$200,000
2019
$160,000
2017
Price N/A
2004
$135,000
1969
Price N/A

Zoning & alternative use

R-1 · Eastpointe, MI
Zoning description

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…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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