Property profile

5 Mile And Rdg Township of Northville, MI 48170

OFF-MARKET
Warehouses
700,000 SF 52.7 ac lot
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Property summary

AI-generated overview

This expansive 700,000-square-foot warehouse, located at the intersection of 5 Mile and Ridge Roads in Plymouth, Michigan (zip code 48170), presents a significant industrial investment opportunity. Situated on a 52.7-acre lot, the property boasts a General Industrial (IND) zoning designation, providing flexibility for a variety of uses, including distribution, manufacturing, or research and development. The warehouse features a substantial 36-foot ceiling height, and ample parking is provided with 140 spaces. The property (APN 78-001-99-0001-704) benefits from its location within the Michigan International Technology Center Corridor (MITC), a collaborative initiative of local, county, and state entities. This prime location offers proximity to numerous Fortune 500 and Tier-1 automotive companies, fostering a strong business environment. Furthermore, the property enjoys convenient access to hotels, restaurants, and shopping amenities. Significant infrastructure advantages include the presence of a 60 MW DTE Nitro substation with expansion potential to 120 MW, and 10 MW of heavy power is immediately available. A planned road improvement project on the 5 Mile Road corridor will further enhance accessibility and logistics. This exceptional property offers a unique combination of size, location, and infrastructure, making it an attractive proposition for discerning investors.

Property profile

Verified
Property type Warehouses
Total area 700,000 SF
Lot 52.7 ac (2,295,612 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5 Mile And Rdg Township of Northville, MI 48170
Township of Northville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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