2741 Elliott Avenue — Sale in Troy, MI

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Troy, MI 48083
  • Size: 13,396 SF

Investment Figures

Price per square foot
$120

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Great Troy manufacturing or warehousing building, 2) exterior truckwells, 2) 12' x 14' grade level doors, heavy power, 60 car parking, high bay office can be removed to create additional warehouse. Immediate Occupancy.

Market Context

This industrial in Troy, MI is listed for sale at $1,607,520 across 13,396 SF. It has been on the market for 54 days. Compare it against other industrial listings for sale in Troy, MI — view the full market.

As of Q1 2026, the Detroit industrial market showed average asking rents near $5.79/SF/yr, rents up 4.6% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Detroit?
About 6.5% as of Q1 2026, per multiple brokerage reports.

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