Property profile

12301 Farmington Rd Livonia, MI 48150

FOR SALE
Manufacturing properties
Property ID
US43-1330065
218,051 SF 20.94 ac lot Built 1966
Entity Owned 6-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • HVAC Service General Contractor

Location

12301 Farmington Rd Livonia, MI 48150
Livonia metro Census 558301 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
$8.31M
Blend (final) Blend
$8.31M

Owner & transaction history

since 2019
5 recorded transactions
2021
Price N/A
2019
Price N/A
2016
Price N/A
2008
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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