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    FOR SALE
    Industrial properties

    2222 Stephenson Hwy, Troy, MI 48083

    30,120 SF 1.81 ac lot Built 1968
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-1115538
    Property summary
    AI-generated overview

    This single-tenant, 30,120-square-foot manufacturing building presents a compelling opportunity in Troy, Michigan. Located at 2222 Stephenson Hwy, this Class B property boasts a prime location adjacent to the I-75/Rochester Road interchange, offering exceptional accessibility. Constructed in 1967 and renovated in 2015, the building features a 14-foot ceiling height, three loading docks, and four drive-in doors. The 1.81-acre site includes ample paved employee parking. The property is zoned IB and has an APN of 88-20-26-326-018 within Oakland County. The building's features are well-suited for various manufacturing operations, including multiple crane bays and bridge cranes with up to a 50-ton capacity. Modern office space and heavy power are also included. Note that this building can be leased in conjunction with a neighboring property for a combined 108,000 square feet of space. The buildings are connected via an exterior concrete courtyard and matching roll-up doors. This property offers a unique opportunity for businesses seeking efficient and well-equipped manufacturing space in a highly desirable location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1968
    Total area 30,120 SF
    Lot 1.81 ac (78,844 SF)
    Zoning code M-1
    APN 88-20-26-326-018
    UPID US43-1115538
    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
    Current use
    Occupant on record · Public records
    • Classic Systems Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.42M
    Blend (final) Blend
    $2.42M
    Owner & transaction history
    Mba Properties II · 10 yrs held
    Mba Properties II
    since 2015
    5 recorded transactions
    2017
    2015
    $1.5M
    2011
    $725,000
    1998
    $1.7M
    1969
    Zoning & alternative use
    M-1 · Troy, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.7M +36.1%
    Office building $3.5M +30.3%
    Neighborhood: shopping center $2.8M +3.4%
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    More about this property
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