Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $580,000
    Manufacturing properties

    21260 8th Mile Rd, Southfield, MI 48075-5666

    12,572 SF 1.02 ac lot Built 1947
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-1947143
    Property summary
    AI-generated overview

    This exceptional 17,000 square foot free-standing building in Southfield, Michigan presents a remarkable opportunity for businesses seeking a high-profile presence in Metro Detroit's thriving industrial corridor. Situated on a 1.02-acre lot, this meticulously renovated property boasts unparalleled access to major freeways and the airport, offering optimal logistical advantages. The building underwent a comprehensive $2 million renovation in 2017, resulting in a modern and efficient workspace. The layout strategically combines 3,500 square feet of first-class office space with 9,700 square feet of plug-and-play industrial area, complemented by a versatile 4,375 square foot mezzanine or flex space. Key features include a 24-foot ceiling height prepared for a 10-ton crane, a state-of-the-art $20,000 security system with 16 cameras and electronic entrances, a robust 15-ton HVAC system, and a substantial 1,000 Amp electric service. An overhead door ensures easy access and efficient operations. The entire property is paved and fully fenced, providing a secure and well-maintained environment. Monument signage offers excellent brand visibility, enhancing the property's appeal and market presence. Priced at $2,199,000, this property is ideal for businesses seeking a high-caliber headquarters or a lucrative rental investment in one of Metro Detroit's most desirable locations.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1947
    Total area 12,572 SF
    Lot 1.02 ac (44,431 SF)
    Zoning code I-1
    APN 76-24-34-376-017
    UPID US43-1947143
    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
    $370k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $775k
    Blend (final) Blend
    $580k
    Owner & transaction history
    Sova Group Properties LLC · 10 yrs held
    Sova Group Properties LLC
    since 2015
    4 recorded transactions
    2015
    2005
    1969
    1969
    Zoning & alternative use
    I-1 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 21260 8th Mile Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message