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    FOR SALE
    Office buildings

    15100 2Nd Ave, Highland Park, MI 48203

    31,213 SF 0.9 ac lot Built 1966
    Entity Owned 17-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4967335
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 15100 2nd Avenue in Highland Park, Michigan, presents a unique investment opportunity. The 31,228-square-foot warehouse boasts versatile space, including 6,000 square feet of cooler space, 6,000 square feet of freezer space, and 3,500 square feet of cool area, in addition to 15,713 square feet of standard warehouse space. The building features a ceiling height ranging from 10 to 22 feet, providing ample vertical storage capacity. Loading is facilitated by one grade-level door and two truckwells. The property sits on nearly one acre of land, fully fenced, and the seller will provide additional parking. Power is supplied by a robust 1000-amp system. Strategically located within minutes of major expressways, this property benefits from convenient access to transportation networks. Adding to its appeal, the Greenway Development runs alongside the property. The property is zoned industrial and is offered at $1,000,000.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1966
    Total area 31,213 SF
    Lot 0.9 ac (39,204 SF)
    APN 43 006 01 0035 002
    UPID US43-4967335
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $793k
    Blend (final) Blend
    $805k
    Owner & transaction history
    Second Ave Investment INC · 17 yrs held
    Second Ave Investment INC
    since 2009
    3 recorded transactions
    2009
    $205,643
    2008
    $196,851
    2004
    $250,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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