Property profile

19250 John R St Highland Park, MI 48203

OFF-MARKET
Warehouses
Property ID
US43-1710111
20,187 SF 0.54 ac lot Built 1975
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 20,157-square-foot industrial property, located at 19250 John R Street in Detroit, Michigan (zip code 48203), presents a compelling investment opportunity. Priced at $550,000 ($27.28/sq ft), this vacant building offers significant potential for various manufacturing and warehousing operations. The property boasts a flexible layout suitable for diverse industrial uses, zoned M4 for intensive industrial purposes. High ceilings, ranging from 15 to 30 feet, provide ample vertical space for storage and operations. The building features three cranes with varying capacities (15-ton, 7.5-ton, and 2.5-ton), enhancing operational efficiency. A significant advantage is the inclusion of newly renovated office space, providing comfortable administrative areas. Furthermore, the property includes a half-acre gated parking lot, ensuring secure vehicle access and storage. This stand-alone, single-tenant building offers a rare opportunity to acquire a well-equipped industrial space in a strategic Detroit location. The property is situated in Wayne County and is readily accessible via major transportation routes. This is a turnkey solution for businesses seeking a functional and well-maintained industrial facility.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Total area 20,187 SF
Lot 0.54 ac (23,522 SF)
Zoning code M4
APN 09024349-57
UPID US43-1710111

Cap rate & NOI

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

Location

19250 John R St Highland Park, MI 48203-1659
Highland Park metro Census 508100 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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
Last sale
$225,000
2 recorded transactions
2023
Price N/A
2021
$225,000

Zoning & alternative use

M4 · Highland Park, MI

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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