8301 Lyndon StDetroit, MI 48238

  • Warehouses
  • 26,947 SF
For Sale
$495,000 View listing

Property Details for 8301 Lyndon St

Year built
1946
Lot size
0.99 AC
Property size (Sq ft)
26,947 SF
Zone code
M4
Property type
Warehouses
APN
16005903.033
APU
16005903033

Description

This exceptional 27,000-square-foot industrial distribution center, located at 8301 Lyndon St in Detroit, Michigan, presents a compelling investment opportunity. Situated on a 0.99-acre lot, this property boasts a strategic location within Wayne County, zip code 48238. Built in 1946, the building is zoned M4, allowing for a variety of industrial uses. The warehouse features five overhead doors and one interior truck well, ensuring efficient loading and unloading operations. In addition to the expansive warehouse space, the property includes approximately 2,500 square feet of office space, providing ample room for administrative functions. The asking price is $495,000, translating to a price per square foot of $18.33. This represents a significant value for a property of this size and functionality in a prime Detroit location. The property's single loading dock and convenient access points make it ideal for various distribution needs. This well-maintained building offers a solid foundation for a thriving business, making it an attractive prospect for investors seeking a strong return on investment in the Detroit industrial market. Don't miss this chance to acquire a well-positioned industrial asset in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,415,092
    Hospitality
    $5,876,190
    Educational
    $4,888,920
    Medical
    $5,057,058
    Retail
    $7,604,988

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3946
Longitude
-83.1522
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
$4,808
-
-
$220,600
-
-
-
$441,200

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