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21630 W 7 Mile Rd

37,670 SF Industrial Building Detroit, MI 48219 $2,299,000 ($61/SF) 9.83% Cap Rate

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Investment Highlights

37,670 SF with 2,670 SF office area
Three (3) truckwells for efficient loading and unloading
Prime location in the Detroit area for convenient access

5yr Tenant, expiring 10/31/2027
Fully fenced yard for added security and privacy
Ample space for warehousing, distribution, and industrial activities

Executive Summary

Investment Opportunity with 5-Year Tenant. This 37,670 SF Industrial/Distribution Building features a 35,000 +/- shop area with a 2,770 SF office area. The building features 20' clear height, three truckwells, a clear-span bay, LED lighting, 220 Volt/600 Amp power, and is very clean throughout with 100% fire suppression. The depth of the truckwells were recently renovated to accommodate typical semi-trailers. The building is situated on a fully-fenced and gated 2.05-acre site with 60-car parking.
This property is located on 7 Mile Rd, at the corner of Lahser Rd. The area surrounding the property offers access to major transportation routes and logistical infrastructure, making it an ideal hub for industrial, warehouse, and distribution operations. Situated close to major highways and transportation hubs, the location provides convenient access for shipping and receiving. Nearby points of interest include Detroit Metropolitan Wayne County Airport, the Port of Detroit, and key industrial parks. As a renowned center for automotive and manufacturing industries, the region offers a skilled workforce and business-friendly environment, making it an attractive destination for industrial investors seeking strategic positioning and growth opportunities.

21630 W 7 Mile Rd, Detroit_SALE

Property Facts

Price	$2,299,000	Rentable Building Area	37,670 SF
Price Per SF	$61	No. Stories	1
Sale Type	Investment	Year Built	1990
Cap Rate	9.83%	Tenancy	Single
Property Type	Industrial	Parking Ratio	2.65/1,000 SF
Property Subtype	Distribution Industrial Manufacturing Industrial Warehouse	Clear Ceiling Height	24 FT
Building Class	B	No. Dock-High Doors/Loading	3
Lot Size	2.05 AC	No. Drive In / Grade-Level Doors	1

Price	$2,299,000
Price Per SF	$61
Sale Type	Investment
Cap Rate	9.83%
Property Type	Industrial
Property Subtype	Distribution Industrial Manufacturing Industrial Warehouse
Building Class	B
Lot Size	2.05 AC
Rentable Building Area	37,670 SF
No. Stories	1
Year Built	1990
Tenancy	Single
Parking Ratio	2.65/1,000 SF
Clear Ceiling Height	24 FT
No. Dock-High Doors/Loading	3
No. Drive In / Grade-Level Doors	1