Detroit, Michigan is a prime location for investing in warehouses, with 57 available listings offering a range of opportunities for businesses and investors. Warehouses in Detroit can represent a variety of investments, from industrial properties for manufacturing and distribution to storage facilities for e-commerce companies. With its rich history in the automotive industry, Detroit is an ideal location for warehouses, offering access to major transportation hubs, including the Detroit Metropolitan Wayne County Airport and the Port of Detroit. The city's infrastructure, including its freight railroads and highways, makes it an attractive location for businesses that rely on the transportation of goods. Additionally, Detroit is home to several major educational institutions, including Wayne State University and the University of Detroit Mercy, providing a skilled workforce for warehouse operations. The city's geography, with its proximity to the Great Lakes and the Canadian border, also makes it an ideal location for international trade.
Detroit's warehouse market offers a unique combination of affordability and accessibility, with average prices per square foot at $70 USD and average sizes ranging from 50,682 square feet to 314,359 square feet. The city's warehouses are also attractive to investors, with an average cap rate of 8.84%. In addition to warehouses, Detroit offers a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Detroit offer opportunities for manufacturing and distribution, while land is available for development and construction projects. Residential income homes provide a source of passive income, and commercial real estate offers opportunities for retail and office space. With its diverse economy and rich history, Detroit is an attractive location for businesses and investors looking to invest in warehouses and other property types.
What are the key features investors look for in warehouses in Detroit?
When searching for warehouses in Detroit, investors typically look for key features that ensure optimal functionality, accessibility, and profitability, including:
- Average price per square foot of $70 USD, with an average size of 50,682 square feet, and a largest size of 314,359 square feet, offering ample space for storage and operations.
- Proximity to major transportation hubs, such as Detroit Metropolitan Wayne County Airport, freight railroads, and freeways like Interstate 75, Interstate 94, and Interstate 96, ensuring easy access to regional and national markets.
- A competitive average cap rate of 8.84%, indicating a strong potential for returns on investment, along with the availability of 57 warehouse listings in Detroit, providing investors with a range of options to choose from.
What size warehouses are available to buy in Detroit?
Warehouses for sale in Detroit range in size from 50,682 square feet to 314,359 square feet, with an average price per square foot of $70 USD and an average cap rate of 8.84%, offering a diverse range of options for buyers and investors.
How much does it cost to buy a warehouse in Detroit?
When considering purchasing a warehouse in Detroit, prices vary depending on factors such as size, location, and condition, with an average price per square foot of $70 USD and an average size of 50,682 square feet, resulting in a total average cost of around $70 USD per square foot multiplied by the average size, with a cap rate of 8.84% and a total of 57 available listings to choose from.
