3 Industrial/Retail Buildings - Confidential Sale

Industrial for Sale
Catylist Listing ID: 30762687
Property Subtypes: Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 53,000 SF
Gross Land Area: 3.74 Acres
Sale Price: $1,600,000
Unit Price: $30.19 PSF
Docks/Doors: 7 Docks, 4 Doors
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Nationalwide Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2022

Overview / Comments

Building 1: 28,879 SF warehouse/ retail; 14; 16’ ceiling heights; (5) truck docks; (1) grade level; 2nd story office; new roof

Building 2: 3,360 SF warehouse; 14 – 16’ ceiling heights; (3) grade level

Building 3: 20,735 SF warehouse; 21’ ceiling heights; (2) truck docks; fully sprinkled; new roof and lighting

Three buildings totaling 53,000 SF, including a retail / warehouse building fronting Gratiot Avenue, and (2) warehouse buildings fronting French Road. The complete site totals 3.74 acres at the northeast corner of Gratiot and French Roads, in Detroit, MI. The site consists of (2) rail spurs and neighbors the future 680,000 SF Lear Seating manufacturing facility site, as well as Detroit City Airport.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 19001585, 19003698, 19003699
Total Number of Buildings: 3
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,296 172,933 442,660
Median Age: 36.4 32.43 35.26
Households: 4,974 58,387 169,107


Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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