Individually Owned Property summary
This exceptional 5,000-square-foot industrial property, located at 2430 Grayson St, Ferndale, MI 48220, presents a compelling investment opportunity. The single-story, Class C building, constructed in 1950 and extensively renovated in 2023, sits on a 0.42-acre lot (APN 24-27-436-014) and boasts a 13-foot ceiling height. The property is zoned for light industrial use and offers a range of desirable features, including a fully fenced 5,000 square foot outdoor storage area, perfect for equipment… or materials. Recent upgrades include a new roof, renovated bathrooms (2023), and the installation of new glass block windows. The building also benefits from a state-of-the-art full water filtration system with reverse osmosis drinking water. Its prime location offers unparalleled access to I-75 and the vibrancy of Downtown Ferndale, making it ideal for distribution, manufacturing, or warehouse operations. The property is available for occupancy starting April 8, 2024. The asking price is $800,000, representing a price per square foot of $160. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving Michigan market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,000 SF
- Lot area
- 0.42 ac
- Year built
- 1950
- Stories
- 1
- APN
- 24-25-27-436-014
- Zoning
- II
- Assessed value · 2024
- $149,960
- Annual tax · 2023
- $5,683
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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