Industrial Properties in Detroit offer a unique investment opportunity for those looking to capitalize on the city's rich history and cultural significance. As a major city in the Midwestern United States and the Great Lakes region, Detroit serves as a significant cultural center recognized for its contributions to music, art, architecture, and design. Industrial Properties in Detroit can represent a range of investments, from warehouses and manufacturing facilities to research and development centers. With its diverse economy, Detroit is an attractive location for businesses in various industries, including automotive, finance, healthcare, education, and technology. The city's infrastructure, including freight railroads, airports, and freeways, makes it an ideal location for industrial properties. Additionally, Detroit is home to several major institutions, including Wayne State University and the Henry Ford Health System, which contribute to the city's economic growth. With its unique blend of history, culture, and economic opportunity, Detroit is an excellent place to invest in an industrial property.
With 98 Industrial Properties for sale in Detroit, investors have a range of options to choose from. Detroit's industrial properties offer a unique combination of amenities, infrastructure, location, education, and geography that make them an attractive investment opportunity. The city's industrial properties are situated near major transportation facilities, including the Detroit Metropolitan Wayne County Airport and the Amtrak station in New Center. Additionally, Detroit is home to several major corporations, including Comerica, Chrysler, and Ford Motor Company, which contribute to the city's economic growth. Other property types available in Detroit include Warehouses, Land, Apartment Buildings, and Commercial Real Estate, each with its own unique characteristics and investment opportunities. For example, Warehouses in Detroit offer a range of sizes and locations, from small, urban facilities to large, suburban warehouses. Land in Detroit is also available for development, offering investors the opportunity to build their own industrial properties. Apartment Buildings and Commercial Real Estate in Detroit provide additional investment opportunities, with a range of properties available to suit different investment strategies. Overall, Detroit's industrial properties offer a unique investment opportunity that combines the city's rich history and cultural significance with its economic growth and development.
What is the average price per square foot for industrial properties in Detroit?
The average price per square foot for industrial properties in Detroit is $74 USD per square foot, with 98 available listings ranging in size from 35,119 square feet to 300,000 square feet, offering a diverse range of options for investors and businesses looking to establish a presence in this major Midwestern city.
How do location and transportation access affect industrial property values?
When it comes to industrial properties for sale in Detroit, location and transportation access play a significant role in determining property values, as they directly impact the efficiency and cost-effectiveness of operations, logistics, and supply chain management.
- Proximity to major transportation hubs, such as Detroit Metropolitan Wayne County Airport, freight railroads, and highways like I-75, I-94, and I-96, can increase property values due to the convenience and reduced transportation costs they offer.
- Access to the Detroit River and Lake Erie provides opportunities for waterborne transportation, further enhancing the appeal of industrial properties in the area.
- In addition, being situated near major employers and industries, such as the automotive sector, can also drive up property values due to the increased demand for industrial space and the potential for synergies and partnerships.
