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    OFF-MARKET
    Warehouses

    19250 John R St, Highland Park, MI 48203-1659

    20,187 SF 0.54 ac lot Built 1975
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1710111
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Agron Dedivanaj Luca · 2 yrs held
    Agron Dedivanaj Luca
    since 2023
    Last sale
    $225,000
    2 recorded transactions
    2023
    2021
    $225,000
    Zoning & alternative use
    M4 · Highland Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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