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    FOR LEASE
    Manufacturing properties

    12301 Farmington Rd, Livonia, MI 48150

    218,051 SF 20.94 ac lot Built 1966
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US43-1330065
    Property summary
    AI-generated overview

    This exceptional 219,000-square-foot industrial property in Livonia, Michigan, presents a unique investment opportunity. Situated on a 20-acre lot, this Class B building boasts a diverse layout including substantial refrigerated/freezer space (over 37,000 square feet with 5,000 pallet capacity and 3,000 square feet of additional refrigeration), executive office space (10,000 square feet), and ample warehouse area. The property features 14 truck wells and 3 grade-level doors, catering to efficient loading and unloading. Ceiling heights vary from 20-30 feet, reaching 36 feet in the freezer section. Significant infrastructure includes silo tanks with a liquid tank capable of holding over 100,000 pounds of material, and a convenient railroad spur is available. Built in phases (1966, 1990, 1999) with renovations in 2005, 2010, and 2015, this property is zoned for light industrial use and is located at a signalized intersection in Wayne County, offering excellent visibility and accessibility. The building's former SQF approvals make it ideal for food processing, and its size and features make it suitable for single or multi-tenant occupancy. The asking price is $11,950,000.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1966
    Total area 218,051 SF
    Lot 20.94 ac (912,146 SF)
    APN 46 112 99 0031 000
    UPID US43-1330065
    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
    • Awrey Bakeries LLC Bakery Specialty Food Shop
    • Heating & Air Conditioning HVAC Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $8.31M
    Blend (final) Blend
    $8.31M
    Owner & transaction history
    Grts LLC · 6 yrs held
    Grts LLC
    since 2019
    5 recorded transactions
    2021
    2019
    2016
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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