Property profile

6555 Sherwood St Detroit, MI 48211

OFF-MARKET
Manufacturing properties
Property ID
US43-1330163
36,220 SF 1.83 ac lot Built 1962
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1962
Total area 36,220 SF
Lot 1.83 ac (79,715 SF)
Zoning code M4
APN 15012376.002
UPID US43-1330163

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Telecommunications Service

Location

6555 Sherwood St Detroit, MI 48211-2475
Detroit metro Census 505800 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
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.08M

Owner & transaction history

since 2024
3 recorded transactions
2024
$1.3M
1969
Price N/A
1969
Price N/A

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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