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    24056 Pilgrim Redford, MI 48239

    Sponsored
    For Sale
    $199,000

    Prime Telegraph Road location, updated office space, ample parking.

    Property size:
    707 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 24056 Pilgrim Street in Redford, Michigan, presents a unique investment opportunity. The 707-square-foot building sits on a 0.12-acre lot at the corner of Telegraph and Pilgrim, boasting 100 feet of frontage on the high-traffic Telegraph Road. Previously used as office space, the building has been thoroughly updated and is ready for immediate occupancy. Its versatile design makes it suitable for a variety of commercial uses. A significant advantage is the inclusion of a dedicated parking lot, ensuring convenient access for employees and clients. The property's strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a busy commercial area. Furthermore, an adjacent 0.28-acre vacant commercial lot at 0000 Telegraph Road is available for purchase separately for $100,000, presenting the potential to expand the property footprint to a total of 0.40 acres on prime Telegraph Road. This combined offering provides a rare opportunity to acquire a substantial commercial holding in a high-demand location.

    Property Features for 24056 Pilgrim

    General Information

    Property type
    Industrial properties
    Square Feet
    707 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.27739
    Latitude
    42.40586

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    FAQs

    What type of property is this?
    Industrial property - Prime Telegraph Road location, updated office space, ample parking.
    Where is this industrial property located?
    The property is located at 24056 Pilgrim Redford, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    (313) 792-8030
    Request Owner's contact information
    24056 Pilgrim Redford, MI 48239
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    Redford, MI 48239
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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
    24056 Pilgrim Redford, MI 48239
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