Property profile

10505 Plaza Dr Whitmore Lake, MI 48189

FOR LEASE
Industrial properties
Property ID
US43-1519749
73,711 SF 6.77 ac lot Built 1989
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 80,000-square-foot industrial property in Whitmore Lake, Michigan, offers a unique opportunity for businesses seeking flexible manufacturing, warehouse, or distribution space. Located at 10505 Plaza Drive, 48189, this multi-tenant building boasts a range of unit sizes, with a minimum divisible space of 8,400 square feet and a maximum contiguous space of 26,800 square feet. Currently, 35,200 square feet is available. Built in 1989, the facility features impressive ceiling heights ranging from 15 to 26 feet, providing ample vertical storage capacity. Ten loading docks and six drive-in doors ensure efficient loading and unloading operations. The property also includes 45 total parking spaces, accommodating employees and visitors. The building is equipped with heavy power, catering to the needs of energy-intensive industrial processes. Zoned Limited Industrial (LI), this property is ideally situated between Ann Arbor and Brighton, offering convenient access to major transportation routes and a skilled workforce. The available spaces are well-suited for various light industrial uses, and the combination of grade-level access and ample clearance makes them highly desirable. This is a rare opportunity to secure prime industrial space in a thriving Michigan market.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1989
Total area 73,711 SF
Lot 6.77 ac (294,901 SF)
Zoning code LI
APN 16-29-300-018
UPID US43-1519749

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

10505 Plaza Dr Whitmore Lake, MI 48189
Whitmore Lake metro Census 744600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.70M
Blend (final) Blend
$2.70M

Owner & transaction history

since 2013
2 recorded transactions
2013
Price N/A
2012
Price N/A

Zoning & alternative use

LI · Whitmore Lake, MI

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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More about this property
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