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21630 W 7 Mile Rd

37,670 SF Industrial Building Detroit, MI 48219 £1,816,233 (£48/SF) 9.83% Net Initial Yield

Investment Highlights

  • 37,670 SF with 2,670 SF office area
  • Three (3) truckwells for efficient loading and unloading
  • Prime location in the Detroit area for convenient access
  • 5yr Tenant, expiring 10/31/2027
  • Fully fenced yard for added security and privacy
  • Ample space for warehousing, distribution, and industrial activities

Executive Summary

Investment Opportunity with 5-Year Tenant. This 37,670 SF Industrial/Distribution Building features a 35,000 +/- shop area with a 2,770 SF office area. The building features 20' clear height, three truckwells, a clear-span bay, LED lighting, 220 Volt/600 Amp power, and is very clean throughout with 100% fire suppression. The depth of the truckwells were recently renovated to accommodate typical semi-trailers. The building is situated on a fully-fenced and gated 2.05-acre site with 60-car parking.
This property is located on 7 Mile Rd, at the corner of Lahser Rd. The area surrounding the property offers access to major transportation routes and logistical infrastructure, making it an ideal hub for industrial, warehouse, and distribution operations. Situated close to major highways and transportation hubs, the location provides convenient access for shipping and receiving. Nearby points of interest include Detroit Metropolitan Wayne County Airport, the Port of Detroit, and key industrial parks. As a renowned center for automotive and manufacturing industries, the region offers a skilled workforce and business-friendly environment, making it an attractive destination for industrial investors seeking strategic positioning and growth opportunities.

Property Facts

Price £1,816,233
Price Per SF £48
Sale Type Investment
Net Initial Yield 9.83%
Property Type Industrial
Property Subtype
Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class B
Lot Size 2.05 AC
Rentable Building Area 37,670 SF
Number of Floors 1
Year Built 1990
Tenancy Single
Parking Ratio 2.65/1,000 SF
Clear Ceiling Height 24 ft
No. Dock-High Doors/Loading 3
Level Access Doors 1

Amenities

  • Fenced Lot
  • Security System
  • Roof Lights
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-016834
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£876,437

zoning

Zoning Code B-4 (Warehouse Use)
B-4 (Warehouse Use)
  • Listing ID: 27274635

  • Date on Market: 08/12/2022

  • Last Updated:

  • Address: 21630 W 7 Mile Rd, Detroit, MI 48219

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