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Financial
Distress signals
Property profile

21420 Melrose Ave Southfield, MI 48075

OFF-MARKET
Retail space
Property ID
US43-0894375
15,956 SF 1.32 ac lot Built 1986
Last sale Aug 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$23k
Tax billed · 2022
Assessed value$434k
Assessed land$58k
Assessed improvement$376k
Effective rate5.40%

Value estimate

· Oct 2026
$495k
$446k – $545k
Submarket $/SF estimate$1.22M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$77 – $307
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-L
The I-L, Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses and industrial operations ...
General categoryINDUSTRIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency50.8
Restaurant39.1
Law Firm35.7

Location

21420 Melrose Ave Southfield, MI 48075-5631
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21815 10th Mile, Southfield, MI 48075-6114 $700,000 Dec 2025 1,827 SF
19471 10th Mile, Southfield, MI 48075-2461 $390,000 Oct 2024 3,828 SF
19890 Melrose, Southfield, MI 48075-5715 $74,000 Jul 2023 1,917 SF
21200 Melrose, Southfield, MI 48075-7901 $1,780,000 Jul 2022 23,400 SF
18130 10th Mile, Southfield, MI 48075-2630 $6,350,000 Feb 2022 10,653 SF
19995 9th Mile, Southfield, MI 48075-3962 $750,000 Nov 2019 2,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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