21420 Melrose Ave, Southfield, MI 48075-5631
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-L · Southfield, MISouthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.