Light Industrial Development Opportunity

Industrial for Sale
Catylist Listing ID: 30148606
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 4,875 SF
Gross Building Area: 6,900 SF
Gross Land Area: 20,700 - 27,600 SF
Sale Price: $150,000
Unit Price: $30.77 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,875 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2020

Overview / Comments

- Light Industrial Opportunity on active Grinnell St.
- Several other small industrial developments are currently underway on Grinnell
- Four Parcel Site
- Building sits on one parcel that is approx. 6,900 SF
- Three additional adjacent parcels total approx 20,700 SF
- Close proximity to Gratiot Ave., Conner Ave., and I-94
- Close proximity to City Airport

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 19003476-7
Highway Access: Close proximity to I-94
Total Number of Buildings: 1
Number of Stories: 1
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,318 167,827 450,784
Median Age: 36.28 32.73 35.01
Households: 3,735 56,980 172,117
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