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    21455 Melrose Ave Southfield, MI 48075

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    21455 Melrose Ave Southfield, MI 48075


    • Industrial properties
    • 56,100 SF
    • 4.68 lot acres
    Southfield Commercial Space for Lease For Lease
    $2,820,000

    Southfield Commercial Space for Lease

    Commercial space available for lease in Southfield, Michigan.

    21455 Melrose Ave, Southfield, MI 48075
    View Listing
    Property ID
    US43-1203640
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • US Laboratories / Medical Laboratory
    • B Gallerie / Hotel & Motel / Resort
    • Watchdog Security / Security Service
    • TS Tech Americas Inc., DSO / Corporate Office
    • CVS TRANSPORTATION SERVICES / Handicapped Transportation Service / Limousine Service

    Property Details for 21455 Melrose Ave

    Year built
    1987
    Lot size
    4.68 lot acres
    Property size
    56,100 SF
    Zone code
    I-L
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    76-24-34-351-050
    APU
    762434351050

    Description

    This exceptional Southfield, Michigan property, located at 21455 Melrose Ave, 48075, offers a diverse range of office and industrial spaces totaling 378,762 square feet. Built in 1986 and renovated in 1990, the property features multiple tenancies and currently has 20,529 square feet of vacant space available, ranging from 1,312 to 12,430 square feet. The building boasts a 16-foot ceiling height and abundant onsite parking. The property is classified as Traditional Office, Executive Office, Flex, Warehouse, and R&D space, making it suitable for a variety of businesses. Located in Oakland County, this property presents a unique opportunity for businesses seeking flexible and adaptable space. Rent is quoted on a triple-net (NNN) basis, with estimated NNN charges of approximately $4.25 per square foot annually, billed monthly. A $0.25 per square foot annual rent increase is subject to the lease. The quoted rent is for "as is" space and is subject to lease length and leasehold improvements. Gas and electric are separately metered and are the tenant's responsibility. The rental rate is subject to change based on tenant leasehold improvement requirements.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,540,000
      Current use
      WAREHOUSE, STORAGE
      $4,285,000
      Change: -6% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2538
    Latitude
    42.4471
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $84,949
    $86,700
    $1,211,710
    $1,298,410
    -
    $173,400
    $2,423,420
    $2,596,820
    View Listing
    More about this property
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