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Property profile & analytics
OFF-MARKET
Industrial land

1000 Enterprise Dr Allen Park, MI 48101-3029

0.24 ac lot
Entity Owned 20-yr Hold Free & Clear
Property ID
US43-0868877
Property summary
AI-generated overview

This exceptional Class A industrial distribution facility presents a compelling sale-leaseback opportunity. Located at 1000 Enterprise Dr, Allen Park, MI 48101, this 362,420-square-foot building sits on a 15.32-acre lot, offering unparalleled access to major highways I-94 and I-75. Recently renovated and expanded in 2024, the property boasts 26.5-foot clear heights, 32 dock-high doors, and ample parking (155 spaces). Currently 100% occupied by Belle Tire under a 15-year NNN lease with a 6.00% cap rate and a $2,808,755 NOI, this property offers a secure, long-term investment. The lease includes a 2.00% annual rent increase. The building is zoned M2 (Medium Industrial) and features modern amenities designed for efficient distribution. This is a mission-critical facility for Belle Tire, the largest tire retailer in Michigan, serving as its sole distribution center for over 180 retail locations. The $46,810,000 asking price translates to $129.16 per square foot. This is a rare opportunity to acquire a high-performing asset with a strong tenant and significant upside potential. The property's strategic location within the Midwest provides efficient distribution to a large customer base.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.24 ac (10,454 SF)
Zoning code M 2
APN 30 001 99 0011 000
UPID US43-0868877
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
Current use
Occupant on record · Public records
  • Belle Tire Distribution Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Barnes Dev Co LLC · 20 yrs held
Barnes Dev Co LLC
since 2006
3 recorded transactions
2016
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
M 2 · Allen Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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