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    Township of 5 Mile Rd & Rdg Rd Township of Northville, MI 48170

    Sponsored
    For Lease
    Contact for pricing

    700,000 SF Industrial Campus Available

    Lot size:
    700,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A industrial property, Ridge 5, offers 700,000 square feet of flexible space ideal for distribution, manufacturing, or R&D. Situated on a substantial 52.7-acre lot in Wayne County, Michigan, this multi-tenant building features two suites, with a minimum divisible space of 211,600 square feet and up to 700,000 contiguous square feet available. The property boasts impressive features including 36-foot ceiling heights, 90 loading docks, and 6 drive-ins, all within a General Industrial (IND) zoning district. Benefit from immediate access to 10 MW of heavy power, and a nearby 60 MW DTE Nitro Substation with expansion potential to 120 MW. The location is strategically advantageous, positioned within the Michigan International Technology Center Corridor (MITC), adjacent to numerous Fortune 500 and Tier-I automotive companies, and close to amenities such as hotels, restaurants, and shopping. A planned road improvement project on the 5 Mile Road corridor further enhances accessibility. This premier corporate campus setting, with significant new development underway, presents a unique opportunity for businesses seeking a high-quality, well-located industrial space. The property's APN is 78-001-99-0001-704.

    Property Features for Township of 5 Mile Rd & Rdg Rd

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    700,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Building 1
    Size
    499,500 SF
    Space
    Building 2
    Size
    211,600 SF

    HighLights

    • 700,000 SF of Class A industrial space, divisible to 211,600 SF, suitable for distribution, manufacturing, or R&D.
    • Zoned IND - General Industrial, with 700,000 SF currently vacant.
    • Features a 60 MW DTE substation (expandable to 120 MW) and 10 MW of immediately available heavy power.
    • Located in a prime corporate campus with significant new development, near Fortune 500 and Tier‑1 automotive companies.
    • Situated in the Michigan International Technology Center Corridor (MITC), with planned road improvements on the 5 Mile Road corridor and proximity to amenities.
    • The property includes 90 loading docks and 6 drive‑ins, with 36' ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Township of Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.5298333
    Latitude
    42.3935462

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    FAQs

    What type of property is this?
    Industrial property - 700,000 SF Industrial Campus Available
    Where is this industrial property located?
    The property is located at Township of 5 Mile Rd & Rdg Rd Township of Northville, MI.
    What are key features of this property?
    This property features: 700,000 SF of Class A industrial space, divisible to 211,600 SF, suitable for distribution, manufacturing, or R&D.; Zoned IND - General Industrial, with 700,000 SF currently vacant.; Features a 60 MW DTE substation (expandable to 120 MW) and 10 MW of immediately available heavy power.
    Request Owner's contact information
    Township of 5 Mile Rd & Rdg Rd Township of Northville, MI 48170
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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

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    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
    Township of 5 Mile Rd & Rdg Rd Township of Northville, MI 48170
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