7615 Girardin StDetroit, MI 48211

Property Details for 7615 Girardin St

Year built

1925

Lot size

0.25 AC

Property size (Sq ft)

10,668 SF

Zone code

M2

Property type

Auto shops

APN

15000852-4

APU

150008524

Description

This exceptional Detroit investment opportunity encompasses two buildings totaling 11,000-14,400 square feet on a 0.75-acre lot. The main three-story building features 5 private offices, a large common area/main office, two bathrooms, and a kitchen. The secondary building, ideal for dry storage, offers three overhead doors, one interior loading dock, and ample space for semi-truck access. The property includes three additional vacant lots, totaling 0.40 acres, and is fully fenced. The property boasts 24+ foot ceilings, three dock-high doors, and one loading dock. Previously used as a trucking terminal, this property is zoned M-2, presenting a multitude of potential uses. The asking price is $300,000, or $175,000 per unit. The price per square foot is $25. This is a rare chance to acquire a substantial industrial property in a prime Detroit location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,261,619

  6.5%

  $3,010,725

  7%

  $2,795,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,514,670

  Geo Method

  $2,514,670

• Alternative Use

  Use

  Valuation

  Residential

  $2,539,659

  Hospitality

  $2,326,314

  Educational

  $1,935,466

  Medical

  $2,002,030

  Retail

  $3,010,725

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3858

Longitude

-83.0331

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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