6924 Brandt StRomulus, MI 48174

Property Details for 6924 Brandt St

Year built

1976

Lot size

1.23 AC

Property size (Sq ft)

8,900 SF

Zone code

M1-LIG

Property type

Auto shops

APN

80 007 02 0007 000

APU

80007020007000

Description

This exceptional 8,920-square-foot warehouse, situated on a 2.46-acre fenced lot in Romulus, Michigan, presents a compelling investment opportunity. The property boasts five 12' x 14' grade-level doors with drive-through capability, ideal for efficient loading and unloading. A minimum 16-foot clear ceiling height provides ample storage space. Included is approximately 2,000 square feet of office space, complemented by a concrete mezzanine (not included in the 8,920 square foot total). The property is conveniently located minutes from the Detroit Metropolitan Airport and I-94, offering unparalleled access to major transportation routes. Built in 1976 and renovated in 2001, this single-story building sits on a lot with an electric gate, enhancing security. The property is zoned M-1, Light Industrial, allowing for a variety of uses. With 25 parking spaces available, this warehouse offers a complete and functional space for various industrial needs. The asking price is $1,995,000, translating to $223.65 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,239,652

  6.5%

  $2,067,371

  7%

  $1,919,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,097,915

  Geo Method

  $2,097,915

• Alternative Use

  Use

  Valuation

  Residential

  $1,743,905

  Hospitality

  $1,597,407

  Educational

  $1,329,024

  Medical

  $1,374,731

  Retail

  $2,067,371

Location Insight

City

Romulus

County

Wayne

State

Michigan

Latitude

42.2548

Longitude

-83.3398

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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