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    24900 Capitol Redford Charter Township, MI 48239

    For Sale
    $2,500,000

    41,712 SF Industrial Building, $2.5M

    Property size:
    41,712 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 41,712-square-foot industrial property, located at 24900 Capitol in Redford Charter Township, Michigan, presents a compelling investment opportunity. The single-tenant, free-standing building sits on a 3.7-acre lot and is zoned IH (Heavy Industrial), offering significant flexibility for various uses. Constructed in 1967 with recent improvements, the structure features a block exterior and steel columns, ensuring durability and longevity. The property boasts 2 dock-high doors and 2 grade-level doors, facilitating efficient loading and unloading. Power is estimated at 2,000 amps at 277/480V. Currently utilized for manufacturing and distribution, this Class B building offers a substantial footprint for a variety of industrial or executive office needs. The asking price is $2,500,000. This property is ideal for businesses seeking a well-maintained, strategically located facility in Wayne County, MI, with easy access to major transportation routes. The single-tenant occupancy provides stability and potential for long-term growth. The property's size and zoning provide ample room for expansion or adaptation to suit specific business requirements. This is a rare opportunity to acquire a substantial industrial property in a desirable location.

    Property Features for 24900 Capitol

    General Information

    Property type
    Manufacturing properties
    Square Feet
    41,712 SF
    Class
    B
    Lot Size
    161,172 SF

    Building Details

    Year Built
    1967
    Buildings
    1

    HighLights

    • Single‑tenant, free‑standing building.
    • 41,712 square feet.
    • 3.7‑acre lot.
    • Currently used for manufacturing and distribution.
    • Built in 1967 with recent improvements.
    • Block exterior with steel columns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redford Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2845825
    Latitude
    42.3762595

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    FAQs

    What type of property is this?
    Manufacturing property - 41,712 SF Industrial Building, $2.5M
    Where is this manufacturing property located?
    The property is located at 24900 Capitol Redford Charter Township, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Single-tenant, free-standing building.; 41,712 square feet.; 3.7-acre lot.
    Request Owner's contact information
    24900 Capitol Redford Charter Township, MI 48239
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    Redford Charter Township, 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
    24900 Capitol Redford Charter Township, MI 48239
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