Property profile

18906 Allen Rd Melvindale, MI 48122

OFF-MARKET
Warehouses
Property ID
US43-0617048
2,745 SF 0.15 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 18906 ALLEN Road in Melvindale, Michigan, presents a unique investment opportunity. Situated on a desirable 0.15-acre lot, this general commercial property is priced competitively at $325,000. The property's address offers excellent visibility and accessibility, making it an attractive location for a variety of businesses. The size of the lot provides ample space for development or expansion, catering to diverse business needs. The property's location in Melvindale offers convenient access to major transportation routes, ensuring easy commutes for employees and customers. This presents a strong foundation for establishing a thriving business venture. The property's versatility allows for a wide range of potential uses, making it an ideal investment for entrepreneurs and established businesses alike. Given its strategic location and competitive price point, this property is poised for significant return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. The property is ready for immediate development or occupancy, presenting a rare opportunity in the vibrant Melvindale market. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to acquire a prime commercial property in a thriving location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 2,745 SF
Lot 0.15 ac (6,534 SF)
Zoning code R1 1 FA
APN 47 010 02 0024 002
UPID US43-0617048

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
  • Building Supply Hardware & Home Improvement

Location

18906 Allen Rd Melvindale, MI 48122-1535
Melvindale metro Census 578600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2023
Last sale
$95,000
3 recorded transactions
2023
$95,000
2019
$82,500
2017
$82,500

Zoning & alternative use

R1 1 FA · Melvindale, 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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