Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4891 S Sheldon Road Canton, MI 48188

    View on Map
    For Sale
    $1,500,000

    Vacant Land - Canton, MI

    Lot size:
    5.72 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 4891 S Sheldon Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Light Industrial
    Standard status
    Active
    APN
    71136990001000
    Lot size
    5.72 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    13623

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amrinder Singh

    Listing agent Amrinder Singh

    Listing office Community Choice Realty Inc 261 E Maple, Birmingham, MI

    Listing date Nov 19, 2025

    MLS# 20251055133 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Canton Land with Approved Plans

    This 5.72-acre site in Canton, MI, features approved plans for a 10,000 sqft warehouse building with 87 truck parking spaces. Fully engineered documents and approved permits are in place. The property is located on Sheldon Road, next to the Canton water department, offering convenient access to I-275S and Michigan Avenue, and is 15 minutes from Detroit Airport. Access is available from both Michigan Avenue and Van Born Road, close to I-275 and Michigan Avenue. Michigan Avenue is experiencing rapid growth with numerous established and upcoming businesses. This light industrial zoned land presents a significant investment opportunity with approved warehouse building and truck parking plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 45229 Michigan Ave, Canton, MI 48188
    • Extra Space Storage — 43955 Michigan Ave, Canton, MI 48188

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.472924
    Latitude
    42.2695835

    Nearby Similar for Sale

    • $520,000
      2,356 SF

      Canton Farmhouse with Large Pole Barn

      Farmhouse on 2.35 acres with a 32'x100' pole barn.
      49035 Geddes Road, Canton, MI 48188
      View Details
    • $3,650,000
      17,474 SF

      Michigan Avenue Commercial Building For Sale

      17,474 sq ft building on 6.5 acres in Canton.
      43335 Michigan Ave, Canton, MI 48188
      View Details
    • $699,900
      5,000 SF

      Turnkey Grocery and Produce Market

      Grocery and produce market in high-traffic Canton location.
      7329 N Lilley Rd, Canton, MI 48187
      View Details
    • $3,650,000
      20,140 SF

      Freestanding Building For Sale

      20,140 square foot freestanding building available for sale.
      43335 Michigan Avenue, Canton, MI 48188-2632
      View Details
    • Contact for pricing

      Retail Space on Ford Road

      Retail property on a prominent commercial corridor with high traffic.
      42400 Ford Road, Canton, MI 48187
      View Details
    • Contact for pricing
      68,619 SF

      Canton Retail Center For Sale

      Dominant neighborhood shopping center in Canton retail area.
      5804-6034 N. Sheldon Road, Canton, MI 48187
      View Details
    • Contact for pricing
      193 SF

      Retail Space in New Towne Plaza

      Retail space in Canton's regional retail corridor on Ford Road.
      44412 Ford Road | Canton, MI 48187, MI 48187
      View Details
    • $7,999,999
      36,601 SF

      Canton Retail Trophy Asset

      Fully leased retail property with long-term national tenants.
      43435 Ford Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      27,686 SF

      Travelodge Canton/Livonia Area Investment

      Profitable 83-unit hospitality property in a sought-after location.
      40500 Michigan Ave, Canton, MI 48188
      View Details
    • $995,000
      7,680 SF

      Canton Retail Space For Sale

      Retail space available for purchase in Canton, Michigan.
      45570 Maben Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      55,000 SF

      Canton Industrial Property For Sale

      55,000 sqft industrial property available in Canton, Michigan.
      44052 Yost Rd, Canton, MI 48188
      View Details
    • $40,000
      1,087 SF

      Established Cafe Business Opportunity

      Turnkey cafe business for sale with all fixtures included.
      50166-50296 Cherry Hill Rd, Canton, MI
      View Details

    FAQs

    What type of property is this?
    Warehouse - Land with approved plans for warehouse and truck parking.
    Where is this warehouse located?
    The property is located at 4891 S Sheldon Road Canton, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Site plan approved for a 10,000 sqft warehouse with **87 truck parking spaces**.; **Fully engineered documents and approved permits are in place**.; Convenient location with easy access to I‑275S and Michigan Ave.
    (260) 479-8602
    We can help!
    Listing Contact
    Amrinder Singh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!