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    OFF-MARKET
    Land

    4492 22 Mile Rd, Shelby Township, MI 48317

    39.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional ±39.96-acre industrial land parcel in Shelby Township, Michigan (Detroit MSA), is being offered via absolute auction, September 10-12, 2024. The property, with an appraised value of $1.9 million, consists of three parcels (APN: 23-07-20-477-003, 23-07-20-477-004, 23-07-20-477-005) totaling approximately 40 acres situated on both sides of 22 Mile Road, boasting approximately 7,028 vehicles per day in traffic counts. The property is zoned H-M (Heavy Manufacturing), permitting diverse uses including self-storage, office, warehousing, manufacturing, and retail (special use). Its strategic location offers easy access to major highways (M-59, M-53, I-75, and I-94) and proximity to significant demand drivers such as Amazon Fulfillment, USPS, Big Lot, and various fast-food restaurants. The surrounding area exhibits strong demographics, with a population of approximately 204,592 within a 5-mile radius and an average household income of approximately $106,720. This area has seen substantial population growth (7.33% from 2010-2023) with projected continued growth through 2028. This is a first bid meets reserve auction. The property is offered fee simple. The address is 4492 22 Mile Rd, Shelby Township, MI 48317.

    Property profile
    Verified
    Property type Land
    Lot 39.96 ac (1,740,658 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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