20514 Woodingham DrDetroit, MI 48221

Property Details for 20514 Woodingham Dr

Year built

1948

Lot size

2.58 AC

Property size (Sq ft)

45,457 SF

Zone code

M2

Property type

Manufacturing properties

APN

16028606-15

APU

1602860615

Description

This exceptional 55,000-square-foot industrial warehouse is available for lease in Detroit, Michigan. Located at 20514 Woodingham Drive, 48221, this single-tenant property offers ample space for a variety of industrial uses. The building is classified as an industrial warehouse and presents a significant opportunity for businesses seeking a substantial footprint in a strategic location. Its convenient access to 8 Mile Road ensures excellent transportation links, facilitating efficient logistics and distribution. The property's single-tenant occupancy provides a streamlined operational environment, minimizing complexities associated with multi-tenant properties. This substantial warehouse space is ideal for companies requiring extensive storage, manufacturing, or distribution capabilities. The property's precise geographic coordinates are latitude 42.44462344093125 and longitude -83.15089434262774. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the suitability of this property for their specific operational needs. This is a prime opportunity to secure a significant industrial space in a thriving Detroit location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $20,197,300

  6.5%

  $18,643,700

  7%

  $17,312,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,803,280

  Geo Method

  $6,803,280

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $9,722,660

  Mixed-Use / Specialty

  $9,815,870

  Hospitality / Lodging

  $7,368,080

  Office

  $9,890,750

  Institutional / Educational

  $10,250,300

  Residential Income

  $11,992,800

  Multifamily

  $13,674,600

  Automotive / Energy

  $8,785,930

  Parking / Income-Based Land

  $2,905,580

  Restaurant / Food Service

  $5,378,220

  Healthcare / Senior Housing

  $9,934,860

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4444

Longitude

-83.1504

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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