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    Property profile & analytics
    OFF-MARKET Estimated value $1,220,000
    Retail space

    21420 Melrose Ave, Southfield, MI 48075-5631

    15,956 SF 1.32 ac lot Built 1986
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0894375
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1986
    Total area 15,956 SF
    Lot 1.32 ac (57,369 SF)
    Zoning code I-L
    APN 76-24-34-327-031
    UPID US43-0894375
    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
    Current use
    Occupant on record · Public records
    • General Chemical Performance Factory Production Facility
    • ServOnDemand Law Firm
    • Forethought Financial Services Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.22M
    Blend (final) Blend
    $1.22M
    Owner & transaction history
    Humble Design INC · 1 yrs held
    Humble Design INC
    since 2024
    5 recorded transactions
    2024
    2013
    2007
    2004
    1999
    Zoning & alternative use
    I-L · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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