Property profile

21702 E Huron River Dr Rockwood, MI 48173

FOR LEASE
Industrial land
Property ID
US43-0634362
41.02 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 42-acre property, located at 21702 E Huron River Drive in Rockwood, Michigan, presents a significant opportunity for industrial development. Zoned M-1 (Light Industrial), this expansive site offers unparalleled flexibility for a variety of uses. The property's substantial size allows for the construction of a large-scale warehouse or distribution center, catering to businesses requiring significant space and land. Situated in Wayne County, the location provides convenient access to major transportation arteries, facilitating efficient logistics and distribution. The single-tenant designation ensures streamlined operations and management. With no existing building, this blank canvas allows for complete customization to meet specific business needs and specifications. The property's considerable acreage offers ample room for expansion, future development, and on-site parking or storage. This is an exceptional opportunity to acquire a large, strategically located industrial parcel in a thriving area. The 48173 zip code offers access to a skilled workforce and established infrastructure. This property is ideal for businesses seeking a significant footprint in a prime industrial location. Serious inquiries only.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 41.02 ac (1,786,831 SF)
APN 52 009 99 0002 000
UPID US43-0634362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21702 E Huron River Dr Rockwood, MI 48173
Rockwood metro Census 598000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2013
Price N/A
2010
$585,144
2009
Price N/A
2006
$3.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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