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    1410 Allen Dr Troy, MI 48083

    For Sale
    $6,100,000

    53,000 SF Warehouse, Prime Troy Location

    Property size:
    52,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 52,919 square foot industrial warehouse, located at 1410 Allen Drive in Troy, Michigan (Oakland County, zip code 48083), is offered at $6,100,000. Situated conveniently off I-75 freeway, this property boasts a prime location for businesses seeking efficient transportation links throughout the region. Currently occupied by Witzemann Tech Center USA, with their lease expiring in August, this presents a significant opportunity for new owners. The well-maintained building features a robust infrastructure ideal for heavy-duty manufacturing and warehousing. Ample open floor space allows for customization and efficient workflow, complemented by well-maintained pull-in loading docks and extensive parking. The surrounding area offers numerous amenities, including restaurants, retail centers, and business services. This property's strategic location ensures seamless connections to major distribution hubs, suppliers, and customers, streamlining supply chain management and market access. The vibrant local community and excellent transport connections enhance convenience for employees and clients alike. This presents an exceptional investment opportunity for entrepreneurs and industrial enterprises seeking a large, well-located warehouse space. The property is classified as Special Purpose Land, with no individual units.

    Property Features for 1410 Allen Dr

    General Information

    Property type
    Land
    Square Feet
    52,919 SF

    HighLights

    • 52,919 SF industrial warehouse in Troy, MI (Oakland County, 48083) offered at $6,100,000.
    • Prime I‑75 freeway location.
    • Currently leased to Witzemann Tech Center USA, lease expiring August 2024.
    • Robust infrastructure suitable for heavy‑duty manufacturing and warehousing; ample open space.
    • Well‑maintained loading docks and extensive parking.
    • Strong surrounding amenities and convenient access to major distribution hubs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Witzenmann USA Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1237644
    Latitude
    42.5461731

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    FAQs

    What type of property is this?
    Land - 53,000 SF Warehouse, Prime Troy Location
    Where is this land located?
    The property is located at 1410 Allen Dr Troy, MI.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: 52,919 SF industrial warehouse in Troy, MI (Oakland County, 48083) offered at $6,100,000.; Prime I-75 freeway location.; Currently leased to Witzemann Tech Center USA, lease expiring August 2024.
    Request Owner's contact information
    1410 Allen Dr 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
    1410 Allen Dr Troy, MI 48083
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