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

    • Office Properties & Spaces
    • 700,000 SF
    • 52.70 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for Township of 5 Mile Rd & Rdg Rd

    Lot size
    52.70 lot acres
    Property size
    700,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Township of Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.5298
    Latitude
    42.3935

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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
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