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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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