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    24435 Halsted Rd Farmington Hills, MI 48335

    Sponsored
    For Sale
    $1,150,000

    15,170 SF Flex Building, $1.15M

    Property size:
    15,170 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional 15,170-square-foot freestanding flex building in Farmington Hills, Michigan, presents a compelling investment opportunity. Located at 24435 Halsted Road, this property boasts high visibility and excellent signage potential on a busy thoroughfare. Built in 1979 and renovated in 2004, the building features a gross lease structure and offers ample parking with 40 spaces available. The interior benefits from 90% air conditioning and ceiling heights ranging from 14 to 16 feet. One dock-high door facilitates efficient loading and unloading. The property sits on a 0.74-acre lot and is zoned LI-1 Light Industrial, providing flexibility for a variety of uses. Its strategic location offers easy access to major freeways including I-96, I-275, and M-5, enhancing its accessibility and appeal. The asking price is $1,150,000, translating to a price per square foot of $75.81. The property's APN is 23-19-426-013. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building in a thriving market. The combination of size, location, and amenities makes this property ideal for a variety of businesses seeking a functional and highly visible space.

    Property Features for 24435 Halsted Rd

    General Information

    Property type
    Flex space
    Square Feet
    15,170 SF
    Lot Size
    32,234 SF

    Building Details

    Year Built/Renovated
    1979/2004

    HighLights

    • $1,150,000 asking price for a 15,170 SF flex industrial building.
    • Gross lease, $75.81/SF.
    • Built in 1979, renovated in 2004; LI‑1 Light Industrial zoning.
    • 0.74‑acre lot with 40 parking spaces.
    • Free‑standing building with high visibility on Halsted Road, easy I‑96, I‑275, and M‑5 access.
    • Features one dock‑high door and 14'-16' ceiling heights; 90% air‑conditioned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4165315
    Latitude
    42.4721221

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    FAQs

    What type of property is this?
    Flex space - 15,170 SF Flex Building, $1.15M
    Where is this flex space located?
    The property is located at 24435 Halsted Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for a 15,170 SF flex industrial building.; Gross lease, $75.81/SF.; Built in 1979, renovated in 2004; LI-1 Light Industrial zoning.
    Request Owner's contact information
    24435 Halsted Rd Farmington Hills, MI 48335
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    Farmington Hills, MI 48335
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    Realmo Value Estimation

    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.

    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.

    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
    24435 Halsted Rd Farmington Hills, MI 48335
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