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Financial
Distress signals
Property profile

51096 Milano Dr Macomb, MI 48042

OFF-MARKET
Industrial properties
Property ID
US43-0151247
1,680 SF 0.12 ac lot Built 1994
Last sale Jul 2025 · $295,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 1,680-square-foot industrial condo unit in Macomb, Michigan, is offered for sale at $420,000. Located at 51096 Milano Dr, Macomb, MI 48042 (APN 20-08-18-453-004), this property is zoned M1, suitable for general industrial and warehouse uses. Built in 1994, the single-unit building features a 12' x 14' grade-level door and 3-phase power. The sale includes an existing municipal-approved cannabis cultivation facility and all associated equipment. Convenient freeway access is a key…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$98k
Effective rate5.00%

Value estimate

· Oct 2026
$305k
$275k – $336k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$65/SF
County average, outlier-cleaned · 489 recorded sales of this use type
Observed band · Q1–Q3$43 – $94
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.8
Law Firm18.8
Restaurant18.3

Location

51096 Milano Dr Macomb, MI 48042-4018
County assessor Recorded deeds · 4 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
46516 Erb, Macomb, MI 48042-5915 $218,000 Dec 2025 1,376 SF
16129 Leone, Macomb, MI 48042-4063 $825,000 Mar 2025 3,494 SF
46530 Erb, Macomb, MI 48042-5915 $70,000 Feb 2024 1,376 SF
51192 Milano, Macomb, MI 48042-4018 $299,000 Oct 2021 3,024 SF
51198 Milano, Macomb, MI 48042-4018 $235,000 Mar 2021 3,896 SF
51649 Industrial, Macomb, MI 48042-4027 $372,500 May 2019 4,259 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $70,000
    1,376 SF
    46530 Erb Dr
    INDUSTRIAL (GENERAL)
    46530 Erb Dr, Macomb, MI 48042-5915
    View Details
  • Value Estimation
    $195,000
    2,076 SF
    46504 Erb Dr
    INDUSTRIAL (GENERAL)
    46504 Erb Dr, Macomb, MI 48042-5915
    View Details
  • Value Estimation
    $115,000
    1,200 SF
    51145 Milano Dr
    INDUSTRIAL (GENERAL)
    51145 Milano Dr, Macomb, MI 48042-4028
    View Details
  • Value Estimation
    $115,000
    1,200 SF
    51113 Milano Dr
    INDUSTRIAL (GENERAL)
    51113 Milano Dr, Macomb, MI 48042-4028
    View Details
  • Value Estimation
    $265,000
    2,790 SF
    16161 Leone Dr
    INDUSTRIAL (GENERAL)
    16161 Leone Dr, Macomb, MI 48042-4063
    View Details
  • Value Estimation
    $265,000
    2,837 SF
    16145 Leone Dr
    INDUSTRIAL (GENERAL)
    16145 Leone Dr, Macomb, MI 48042-4063
    View Details

Similar Nearby for Sale

  • Contact for pricing
    5,357 SF
    Clear-Span Flex Space
    Clear-span industrial space with epoxy flooring, natural light, and no existing office buildout.
    46266 Erb Drive, Macomb, MI 48042
    View Details
  • Contact for pricing
    13,220 SF
    Flex Building with Showroom
    Newer construction includes showroom space, a truck well, and direct access to established industrial corridors.
    46330 Erb Drive, Macomb, MI 48042
    View Details
  • $1,985,000
    18,041 SF
    Refurbished Flex Space with Shop
    Duplex commercial building combines updated office areas with shop space and M-1 zoning.
    15695-15721 Leone Dr, Macomb, MI 48042
    View Details
  • New
    Contact for pricing
    20,000 SF
    Divisible Industrial Flex Facility
    Industrial building offers divisible warehouse space with 3,600 SF office/showroom and fenced outside storage.
    46705 Erb Dr, Macomb, MI 48042
    View Details
  • New
    Contact for pricing
    20,000 SF
    Industrial Building with Excess Land
    Industrial building accompanied by excess land in Macomb Township.
    46705-46725 Erb Drive, Macomb Township, MI 48042
    View Details
  • New
    $4,525,000
    39,344 SF
    Manufacturing Facility with Cranes
    Air-conditioned industrial facility with heavy power, overhead cranes, office areas, and warehouse functionality.
    46650 Erb Dr, Macomb, MI 48042
    View Details

Similar Nearby for Lease

  • $13 SF/Yr
    2,827 sqft
    Industrial Flex Space with Office
    Multi-tenant workspace combining warehouse functionality with dedicated office area in an M-1-zoned industrial setting.
    15860 Claire Ct, Macomb, MI 48042
    View Details
  • New
    $844/Mo
    5,408 sqft
    Flex Space with Warehouse Access
    Flexible commercial space combines private offices with optional warehouse access, loading infrastructure, and dedicated network service.
    24600 Wood Court, Macomb Twp, MI 48042
    View Details
  • $13 SF/Yr
    5,654 sqft
    Flex Space with Office and Mezzanine
    M-1-zoned industrial space combines warehouse capacity with dedicated office and mezzanine areas.
    15818 Claire Ct, Macomb, MI 48042
    View Details
  • New
    $13.75 SF/Yr
    9,961 sqft
    Macomb Warehouse Space Available
    9,961 SF warehouse space for lease in Macomb.
    17625 23 Mile Road, Macomb, MI 48042
    View Details
  • $3,125/Mo
    1,500 sqft
    Flex Space with Parking Lot
    Flex space with forced-air heating, public water service, and on-site parking.
    16990-16998 25 Mile Road, Macomb, MI 48042
    View Details
  • Contact for pricing
    4,000 sqft
    Macomb Industrial Flex Space Available
    4,000 SF renovated industrial suite near M-53.
    51477 Industrial Drive, Macomb, MI 48042
    View Details
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