24056 Pilgrim, Redford, MI 48239-3520
This exceptional commercial property, located at 24056 Pilgrim Street in Redford, Michigan, presents a unique investment opportunity. The 707-square-foot building sits on a 0.12-acre lot at the corner of Telegraph and Pilgrim, boasting 100 feet of frontage on the high-traffic Telegraph Road. Previously used as office space, the building has been thoroughly updated and is ready for immediate occupancy. Its versatile design makes it suitable for a variety of commercial uses. A significant advantage is the inclusion of a dedicated parking lot, ensuring convenient access for employees and clients. The property's strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a busy commercial area. Furthermore, an adjacent 0.28-acre vacant commercial lot at 0000 Telegraph Road is available for purchase separately for $100,000, presenting the potential to expand the property footprint to a total of 0.40 acres on prime Telegraph Road. This combined offering provides a rare opportunity to acquire a substantial commercial holding in a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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
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.