Property summary
This exceptional 15,170-square-foot freestanding flex building in Farmington Hills, Michigan, presents a compelling investment opportunity. Located at 24435 Halsted Road, this property boasts high visibility and excellent signage potential on a busy thoroughfare. Built in 1979 and renovated in 2004, the building features a gross lease structure and offers ample parking with 40 spaces available. The interior benefits from 90% air conditioning and ceiling heights ranging from 14 to 16 feet. One dock-high door facilitates efficient loading and unloading. The property sits on a 0.74-acre lot and is zoned LI-1 Light Industrial, providing flexibility for a variety of uses. Its strategic location offers easy access to major freeways including I-96, I-275, and M-5, enhancing its accessibility and appeal. The asking price is $1,150,000, translating to a price per square foot of $75.81. The property's APN is 23-19-426-013. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building in a thriving market. The combination of size, location, and amenities makes this property ideal for a variety of businesses seeking a functional and highly visible space.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Farmington Hills market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
II · Farmington Hills, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for II in Farmington Hills, MI.
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Find the owner behind the property.
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