Property summary
This exceptional 15,956-square-foot industrial property, located at 21420 Melrose Ave in Southfield, Michigan, presents a unique investment opportunity. Situated on a 1.32-acre lot, this single-tenant building boasts a flexible design suitable for various uses, including flex space, warehouse, and R&D. Built in 1986, the property features a 16-foot ceiling height, providing ample vertical space for storage or specialized equipment. The building includes one dock-high door for efficient loading and unloading. Currently configured as a data center, the property is easily de-commissioned to suit a new owner's needs. Significant power is available, with 1,000 amps and 480 volts, making it ideal for power-intensive operations. The warehouse is fully air-conditioned for optimal climate control. The rear lot is fully fenced, offering enhanced security and privacy. The property also includes 3,000 square feet of office space. The asking price is $1,196,700, translating to a price per square foot of $75. This property is zoned for industrial use and is located in Oakland County, Michigan, with a zip code of 48075. The property's location offers convenient access to major transportation routes and amenities.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Production Facility
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Law Firm
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Financial Advisor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The I-L, Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses and industrial operations whose external, physical effects are restricted to the area of the district and in…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I-L · Southfield, MIThe I-L, Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses and industrial operations whose external, physical effects are restricted to the area of the district and in…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The I-L, Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses and industrial operations whose external, physical effects are restricted to the area of the district and in…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-L in Southfield, MI.
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