Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 2023Property description
Physical attributes from public recordsZoning & alternative use
M4 · Highland Park, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for M4 in Highland Park, MI.
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