7930 Mack Ave - Warehouse FOR SALE


Detroit, MI 48214- Islandview
$1,575,000 USD
248-663-0504
7930 Mack Ave, Detroit, MI for Sale
$1,575,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

7930 Mack Ave
Detroit, MI 48214
Islandview


HIGHLIGHTS

  • Recent Substantial Capital Improvements
  • Room for Improved Revenue Streams
  • Surrounded by Commercial, Residential, & Multi-Family Developments
  • Freight Elevator
  • Long Established Moving & Storage Business
  • In-out Service

OVERVIEW

D&D Moving and Storage operates in a well-known 5 story warehouse located on a highway access road that sees 17,000 vehicles a day. The building enjoys a brand-new beautiful half-million-dollar façade renovation (2019), a vibrant welcoming of?ce for customers updated (2020), a new outer enclosure in the rear for loading (2016), and new roll-up doors (2016). Partial electrical upgrades completed (2018), Parking is shared in agreement with the next-door neighbor. Next door is a newly renovated coffee-food shop, laundromat, and community center. A nice garden-social space separates D&D Moving and Storage from the retail spaces next door. LOCATION OVERVIEW Located in a heavily active neighborhood ?lled with multiple development projects, new construction, rehabilitated homes, restaurants, a beer garden, and near the waterfront condo-apartment district. West Village, Indian Village, and Islandview surround this property to the east, south, and west. A mile and a half to the north is a billion-dollar expansion for GM Hamtramck Assembly. 1.5 miles east is FCA’s 2.5-billion-dollar expansion. The surrounding supply chain continues to grow, supporting GM and FCA with brand new and rehabilitated facilities. Just a mile south on the same road is a $22 million development, planning to break ground in July 2021, with 42 apartments and 17,000 square feet of commercial space. Near completion is a 92-unit apartment complex located on Van Dyke Ave, 0.7 miles south of the subject property.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1917

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

9 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

B4

APN/PARCEL ID

17-000297

ASK ABOUT THIS PROPERTY

John De WaldP.A. Commercial, LLCMore Info
248-663-0504

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John De WaldP.A. Commercial, LLCMore Info
248-663-0504

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.