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    Property profile & analytics
    OFF-MARKET Estimated value $4,430,000
    Outlet malls

    21800 Greenfield Rd, Oak Park, MI 48237-2507

    30,786 SF 2.96 ac lot Built 1996
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-1401696
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1996
    Total area 30,786 SF
    Lot 2.96 ac (128,938 SF)
    Zoning code B-2
    APN 52-25-31-155-003
    UPID US43-1401696
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.20M
    Blend (final) Blend
    $4.43M
    Owner & transaction history
    Bm Ventures 2 LLC · 1 yrs held
    Bm Ventures 2 LLC
    since 2025
    6 recorded transactions
    2026
    2025
    2020
    2006
    $1.4M
    2004
    2002
    $1.1M
    Zoning & alternative use
    B-2 · Oak Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $5.4M +4.4%
    Restaurant $5.3M +2.6%
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