Property profile

1909 Fry St Detroit, MI 48211

OFF-MARKET
Warehouses
Property ID
US43-0383721
20,064 SF 0.27 ac lot Built 1925
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 27,000-square-foot warehouse, located at 1909 E. Ferry Street in Detroit, Michigan, presents a compelling owner-user opportunity. Priced at $1,100,000 ($40.74/sq ft), this two-story industrial property boasts a full basement, offering ample storage and operational space. Built in 1925 and renovated in 1942, the building features 16-foot clear ceiling heights, two dock-high doors, and convenient rail access. The layout includes approximately 800 square feet of office space, complemented by a 2,000-pound freight elevator and a staircase for efficient internal movement. Column spacing is 15' x 20'. The property sits on a 0.27-acre lot and is zoned M-4, providing flexibility for various industrial uses. The Net Net Net (NNN) lease rate is $4.50 per square foot. This well-maintained building offers a blend of historical character and modern functionality, making it an attractive investment for businesses seeking a strategic location in Detroit's dynamic industrial market. The Wayne County property features APN 09005128 and is situated in the 48211 zip code. Two truckwells further enhance the property's logistical capabilities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Total area 20,064 SF
Lot 0.27 ac (11,761 SF)
Zoning code M4
APN 09005128.
UPID US43-0383721

Cap rate & NOI

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

Location

1909 Fry St Detroit, MI 48211-2609
Detroit metro Census 519100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$275k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

M4 · Detroit, MI
Zoning description

ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…

General category INDUSTRIAL

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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