32000 Ford RdGarden City, MI 48135

Property Details for 32000 Ford Rd

Year built

1977

Lot size

13.19 AC

Property size (Sq ft)

79,076 SF

Property type

Automotive properties

APN

35 004 99 0026 300

APU

35004990026300

Description

This exceptional 44,514-square-foot industrial property, located at 32000 Ford Road in Garden City's Detroit submarket, presents a unique investment opportunity. The single-story, Class B building, constructed in 1977 and extensively renovated in 2024, boasts four individual suites available for lease. Suite sizes range from 7,140 square feet to 15,300 square feet, offering flexibility for various business needs. The property features eight drive-in doors, providing convenient access for loading and unloading, and ample parking with 500 spaces. The building benefits from a 1000-foot frontage on Middlebelt Road, ensuring high visibility and accessibility. Clear heights range from 12'5" to 16'6", accommodating a variety of storage and operational requirements. Exterior renovations are currently underway, further enhancing the property's appeal. The property sits on 11 acres of land, with negotiable outdoor storage options available. The property is zoned for industrial use and has an APN of 86953426853469514. This is a must-see property with clean, modern spaces ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $15,361,900

  6.5%

  $14,180,200

  7%

  $13,167,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,692,640

  Geo Method

  $7,692,640

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $27,511,800

  Mixed-Use / Specialty

  $14,186,600

  Hospitality / Lodging

  $10,482,400

  Office

  $14,161,600

  Institutional / Educational

  $14,768,700

  Residential Income

  $17,279,400

  Multifamily

  $20,408,200

  Automotive / Energy

  $12,658,900

  Parking / Income-Based Land

  $4,312,150

  Restaurant / Food Service

  $7,500,110

  Healthcare / Senior Housing

  $14,489,700

Location Insight

City

Garden City

County

Wayne

State

Michigan

Latitude

42.3263

Longitude

-83.3575

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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