Property summary
This exceptional 36,220-square-foot distribution center, located at 6555 Sherwood Street in Detroit, Michigan, presents a compelling investment opportunity. Boasting a desirable M4 zoning classification, this property offers unparalleled access to major transportation arteries, being seconds from the I-94 Expressway. Built in 1962 and meticulously maintained, the building is in excellent condition and features a spacious 2.88-acre lot. The high ceilings, measuring 18 feet, provide ample vertical space for efficient storage and operations. The interior includes two convenient truckwells, streamlining loading and unloading processes. The asking price is $1,495,000, translating to a price per square foot of $41.28. This property is ideally suited for a variety of distribution and logistics businesses seeking a strategically located, well-maintained facility in the heart of Detroit, within Wayne County, and utilizing the 48211 zip code. The property's size, location, and features make it an attractive option for businesses seeking to establish or expand their operations in this thriving market. This is a rare opportunity to acquire a high-quality industrial property in a prime location.
Property profile
VerifiedCap rate & NOI
Current use
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Telecommunications Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIff. 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M4 in Detroit, MI.
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