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    50409 Independence St Canton, MI 48188

    For Lease
    $20 SF/Yr

    Downtown Canton, MI: Live/Work Spaces Available

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use building, located in the heart of Canton's Cherry Hill Village, offers 15,000 square feet of office space across three stories. Built in 2002 and renovated in 2024, the Class B property features 27 parking spaces and an elevator. Two spaces are currently available, ranging from 1,650 to 2,000 square feet, ideal for a variety of businesses. The building's prime location within the thriving Cherry Hill Village offers easy access to numerous residential developments, including those by Pulte, Toll Brothers, DPG, MI Homes, and Beztak Properties. The area is experiencing significant growth, with approximately 500 new residential units delivered recently, creating a strong demand for commercial space. Canton Township's status as a professional hub, with major employers like the University of Michigan Health Systems, Ford Motor, Yazaki North America, General Motors, and Johnson Controls, further enhances the property's investment potential. The property is zoned for Cherry Hill Village Overlay District/PDD and has a Wayne County APN of 71-073-99-0009-703. This is a unique opportunity to acquire a well-maintained, strategically located commercial property in a rapidly growing area. The building's mixed-use zoning allows for flexibility in tenant selection and potential for diverse income streams. The convenient location and ample parking make this an attractive option for businesses seeking a vibrant and accessible location.

    Property Features for 50409 Independence St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    B
    Total Rate
    25000

    Building Details

    Year Built/Renovated
    2002/2024
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    1,650 SF
    Rate per SF
    $20
    Space
    Live/Work Studio
    Size
    2,000 SF
    Rate per SF
    $20

    HighLights

    • 15,000 SF mixed‑use building in Canton, MI's Cherry Hill Village, offering 1,650‑2,000 SF of office space.
    • Built in 2002, renovated in 2024, Class B property with 27 parking spaces and an elevator.
    • Two available spaces: a 1,650 SF second‑floor office and a 2,000 SF third‑floor live/work studio.
    • Located in a rapidly growing area with recent delivery of 500 new residential units, near major employers like the University of Michigan Health Systems and Ford Motor Company.
    • Cherry Hill Village Overlay District zoning (Wayne County APN 71‑073‑99‑0009‑703), offering flexible tenant options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cold Stone Creamery Ice Cream Shop Blimpie America's Sub ... Sandwich Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.535821356661
    Latitude
    42.306099007078

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Canton, MI: Live/Work Spaces Available
    Where is this office property / space located?
    The property is located at 50409 Independence St Canton, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF mixed-use building in Canton, MI's Cherry Hill Village, offering 1,650-2,000 SF of office space.; Built in 2002, renovated in 2024, Class B property with 27 parking spaces and an elevator.; Two available spaces: a 1,650 SF second-floor office and a 2,000 SF third-floor live/work studio.
    Request Owner's contact information
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    Canton, MI 48188
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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
    50409 Independence St Canton, MI 48188
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