Property summary
This exceptional Detroit property offers a substantial 10,511 square foot industrial warehouse situated on a sprawling 2-acre lot in Wayne County, Michigan. Located at 7780 Majestic St, Detroit, MI 48210 (42.346916, -83.1466665), this mixed-use property presents a unique investment opportunity. The asking price is $2,500,000. Its strategic location near a high-traffic area of collision repair shops makes it particularly attractive for businesses in related industries, such as auto parts recycling or salvage operations. The substantial lot size provides ample space for expansion, storage, or additional development. The existing warehouse structure offers immediate functionality, while the expansive land provides significant potential for future growth and adaptation to various business needs. This property is ideal for entrepreneurs seeking to establish a new venture or for existing businesses looking to expand their operations in a thriving market. The property's size and location combine to offer unmatched visibility and accessibility, ensuring a strong return on investment. Don't miss this chance to acquire a prime piece of Detroit real estate.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop Vehicle Inspection Center
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
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 2020Property 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
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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Find the owner behind the property.
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