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2221-2241 Bellevue St 45,000 sq ft Vacant Industrial Property Detroit, MI 48207 £2,591,225 (£57.58/sq ft) 8.71% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 45,000 SF Class 'A' for sale
- 14'-45' clear height
- New radiant heat in shop, new furnace in office
- Heavy crane building
- Completely renovated in 2020 for $1,050,000
EXECUTIVE SUMMARY
10 Year Sale/Leaseback
45,000 SF Class 'A' Industrial
Heavy crane building
14’-45' clear height
Sale Price $3,500,000 ($77.77/SF)
Completely renovated in 2020 for $1,050,000
New radiant heat in shop, new furnace in office
Extensive concrete repairs, all new LED lights inside and out, all new windows
45,000 SF Class 'A' Industrial
Heavy crane building
14’-45' clear height
Sale Price $3,500,000 ($77.77/SF)
Completely renovated in 2020 for $1,050,000
New radiant heat in shop, new furnace in office
Extensive concrete repairs, all new LED lights inside and out, all new windows
PROPERTY FACTS
| Price | £2,591,225 | Total Plot Size | 2.02 ac |
| Price per sq ft | £57.58 | Net Internal Area (NIA) | 45,000 sq ft |
| Sale Type | Investment or Owner Occupier | No. Floors | 1 |
| Yield | 8.71% | Year Built/Renovated | 1915/2021 |
| Sale Condition | Option to Purchase with Lease | Eaves Height | 45 ft |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 2 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Costar Property Class | B | ||
| Use Class | M-4 - Industrial | ||
| Price | £2,591,225 |
| Price per sq ft | £57.58 |
| Sale Type | Investment or Owner Occupier |
| Yield | 8.71% |
| Sale Condition | Option to Purchase with Lease |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 2.02 ac |
| Net Internal Area (NIA) | 45,000 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1915/2021 |
| Eaves Height | 45 ft |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Use Class | M-4 - Industrial |
UTILITIES
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
Industrial class A space for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 6,000-20,000 sq ft | Industrial | Full Fit-Out | Now |
1st Floor
| Size |
| 6,000-20,000 sq ft |
| Space Use |
| Industrial |
| Condition |
| Full Fit-Out |
| Available |
| Now |
1st Floor
| Size | 6,000-20,000 sq ft |
| Space Use | Industrial |
| Condition | Full Fit-Out |
| Available | Now |
Industrial class A space for lease.
1 1
Bike Score®
Good for cycling (71)
PROPERTY TAXES
| Parcel Number | 15-013271 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £419,420 |
PROPERTY TAXES
Parcel Number
15-013271
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£419,420
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2221-2241 Bellevue St
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