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    2876 Elliott Ave Troy, MI 48083

    Sponsored
    For Sale
    $1,700,000

    15,520 SF Warehouse, $1.7M

    Property size:
    15,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,520-square-foot warehouse, situated on a 0.87-acre lot in Troy, Michigan's Integrated Industrial Business District (IB), presents a compelling investment opportunity. Built in 1966 with a significant addition in 2010, the property boasts a 14-foot clear ceiling height, two 12' x 14' overhead dock-high doors, and ample parking for 30 vehicles. The building features 13,760 square feet of industrial floor space and 1,760 square feet of office space. The property is fully air-conditioned and benefits from robust power (240-volt, 800 amps) with buss duct throughout. Its convenient location offers easy access to I-75, enhancing logistical efficiency. The asking price is $1,700,000, translating to $109.54 per square foot. Annual property taxes are $14,712.47 ($0.95 per square foot). The property's Parcel ID is 20-36-476-010. This well-maintained warehouse is ideal for a variety of industrial uses and represents a strong value in the thriving Troy market.

    Property Features for 2876 Elliott Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    15,520 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built/Renovated
    1966/2010
    Stories
    1

    HighLights

    • Fully air‑conditioned warehouse.
    • Located in Troy, MI's Integrated Industrial Business District (IB).
    • Minutes from I‑75.
    • 15,520 square feet; 13,760 SF industrial space, 1,760 SF office space.
    • 14‑foot clear ceiling height.
    • Two 12' x 14' overhead dock‑high doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.0897635
    Latitude
    42.5387577

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    FAQs

    What type of property is this?
    Distribution property - 15,520 SF Warehouse, $1.7M
    Where is this distribution property located?
    The property is located at 2876 Elliott Ave Troy, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Fully air-conditioned warehouse.; Located in Troy, MI's Integrated Industrial Business District (IB).; Minutes from I-75.
    Request Owner's contact information
    2876 Elliott Ave Troy, MI 48083
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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
    2876 Elliott Ave Troy, MI 48083
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