2221-2241 Bellevue St 45,000 SF Vacant Industrial Building Detroit, MI 48207 $3,500,000 ($77.78/SF) 8.71% Cap Rate
INVESTMENT HIGHLIGHTS
- 45,000 SF Class 'A' for sale
- 14-60' clear height
- New radiant heat in shop, new furnace in office
- Heavy crane building
- Completely renovated in 2020 for $1,050,000
EXECUTIVE SUMMARY
10 Year Sale/Leaseback
45,000 SF Class 'A' Industrial
Heavy crane building
14’-60' clear height
Sale Price $3,500,000 ($77.77/SF)
Completely renovated in 2020 for $1,050,000
New radiant heat in shop, new furnace in office
Extensive concrete repairs, all new LED lights inside and out, all new windows
45,000 SF Class 'A' Industrial
Heavy crane building
14’-60' clear height
Sale Price $3,500,000 ($77.77/SF)
Completely renovated in 2020 for $1,050,000
New radiant heat in shop, new furnace in office
Extensive concrete repairs, all new LED lights inside and out, all new windows
PROPERTY FACTS
| Price | $3,500,000 |
| Price Per SF | $77.78 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.71% |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.02 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1915/2021 |
| Clear Ceiling Height | 56’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
UTILITIES
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Industrial class A space for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 6,000-20,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 6,000-20,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 15-013271 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $526,700 |
ZONING
| Zoning Code | M-4 (Industrial) |
