8820 Lyndon StDetroit, MI 48238

Property Details for 8820 Lyndon St

Year built

1946

Lot size

0.33 AC

Property size (Sq ft)

12,598 SF

Zone code

M2

Property type

Retail properties

Property subtype

Auto shops

APN

16005910-4

APU

160059104

Description

This 12,600-square-foot industrial warehouse in Detroit, Michigan, is available for sale at $450,000 ($39.60/sq ft). Located at 8820 Lyndon St, 48238, this single-tenant, Class C property sits on a 0.33-acre lot and features four dock-high doors. Built in 1946, the warehouse boasts a spacious interior with 19' to 25' ceiling heights, ideal for various uses. The property includes four parking spaces and significant heavy-duty infrastructure: one 3-ton and two 5-ton cranes, two 12' x 6' overhead doors, and robust 400 amp, 220-volt, 3-phase power. The M2 zoning permits a wide range of industrial uses, including cannabis cultivation and processing. The building's construction is black and steel. This vacant property presents a unique opportunity for owner-users seeking a well-maintained space with substantial capacity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,851,694

  6.5%

  $3,555,410

  7%

  $3,301,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,969,611

  Geo Method

  $2,969,611

• Alternative Use

  Use

  Valuation

  Residential

  $2,999,121

  Hospitality

  $2,747,179

  Educational

  $2,285,621

  Medical

  $2,364,227

  Retail

  $3,555,410

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3955

Longitude

-83.1579

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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