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6335 Lyndon St Detroit, MI 48238-2403

OFF-MARKET Auto shops Google Maps
15,600 SF 0.27 ac lot Built 1940
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US43-1498759

Property summary

AI-generated overview

This exceptional 15,600-square-foot industrial building, located at 6335 Lyndon St, Detroit, MI 48238, presents a unique opportunity for businesses seeking a versatile and well-maintained space. The property, situated on a 0.3-acre lot within the W of Woodward submarket, boasts a two-story design with 12-14' ceiling heights, ideal for various manufacturing and warehousing needs. Built in 1940 and extensively renovated in 2022, this single-tenant building is in excellent condition and ready for immediate occupancy. The property features two dock-high doors for efficient loading and unloading, along with two street parking spaces and additional interior parking. The building is zoned M-4 and currently has 200 AMP power, with the capacity for significant increases to accommodate growing operational demands. Previously used as a tire shop, this clean and updated space offers a prime location in Detroit's Green Zone, providing access to key transportation routes and infrastructure. Seller financing options are available. This is a rare opportunity to acquire a fully renovated, move-in ready industrial building in a desirable Detroit location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Total area 15,600 SF
Lot 0.27 ac (11,761 SF)
Zoning code M4
APN 16005902.003
UPID US43-1498759

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$165k

Owner & transaction history

since 2022
Last sale
$175,000
4 recorded transactions
2022
Price N/A
2021
$175,000
2021
Price N/A
2013
$1,000

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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