10807 Lyndon StDetroit, MI 48238

  • Warehouses
  • 20,032 SF
For Lease
$6/SF/YR View listing

Property Details for 10807 Lyndon St

Year built
1951
Lot size
1.97 AC
Property size (Sq ft)
20,032 SF
Zone code
M4
Property type
Warehouses
APN
16005907.001
APU
16005907001

Description

This exceptional 21,000-square-foot warehouse, situated on a 2.5-acre lot in Detroit, Michigan, presents a unique investment or development opportunity. The property, classified as Class A, boasts a single-tenant occupancy and is currently vacant, offering immediate possession. The building features two dock-high doors, providing efficient loading and unloading capabilities. Ample parking is available with 100+ spaces. An elevator is also present. The property's zoning is INDUSTRIAL, allowing for a variety of uses. Located at 10807 Lyndon St, Detroit, MI 48238, at the cross streets of Lyndon and Meyers Rd, this location offers convenient access to major transportation routes. While the building requires some updates, the seller is motivated and open to negotiations, making this an attractive proposition for businesses seeking a customizable space or investors looking for a value-add opportunity. The property's size and location within a thriving commercial area ensure high visibility and versatility. This is a rare chance to acquire a substantial warehouse in a prime Detroit location. The property is suitable for warehousing, distribution, or flex uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,768,884
    Hospitality
    $4,368,272
    Educational
    $3,634,351
    Medical
    $3,759,342
    Retail
    $5,653,435

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3944
Longitude
-83.1679
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,389
-
-
$183,700
-
-
-
$367,400

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