7930 Mack Ave 63,000 SF Industrial Building Detroit, MI 48214 $1,575,000 ($25/SF)

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.