21800 Greenfield Rd, Oak Park, MI 48237-2507
This exceptional 30,786-square-foot industrial distribution building, constructed in 1996 and renovated in 2018, presents a compelling investment opportunity. Situated on a 3-acre lot at 21800 Greenfield Road in Oak Park, Michigan (48237), this property boasts a highly desirable location across from the new Northland City Center development and the new Costco Business Center, ensuring exceptional visibility and accessibility. The building features two loading docks and two grade-level doors, facilitating efficient loading and unloading operations. The interior offers approximately 20-foot clear ceiling heights, providing ample space for storage and operations. Cold storage (freezer/cooler) capacity and commercial kitchen capabilities add significant versatility. Ample parking is available with approximately 119 spaces. The property benefits from strong demographics, with a population exceeding 135,000 and an average household income over $70,000 within a 3-mile radius. This turnkey facility is ready for immediate occupancy and presents a rare opportunity to acquire a high-quality industrial property in a thriving market. The APN is 25-31-155-003.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-2 · Oak Park, MIOak Park. 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.