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    FOR SALE
    Manufacturing properties

    24900 Capitol, Redford, MI 48239

    41,762 SF 3.71 ac lot Built 1961
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-5140015
    Property summary
    AI-generated overview

    This exceptional 41,712-square-foot industrial property, located at 24900 Capitol in Redford Charter Township, Michigan, presents a compelling investment opportunity. The single-tenant, free-standing building sits on a 3.7-acre lot and is zoned IH (Heavy Industrial), offering significant flexibility for various uses. Constructed in 1967 with recent improvements, the structure features a block exterior and steel columns, ensuring durability and longevity. The property boasts 2 dock-high doors and 2 grade-level doors, facilitating efficient loading and unloading. Power is estimated at 2,000 amps at 277/480V. Currently utilized for manufacturing and distribution, this Class B building offers a substantial footprint for a variety of industrial or executive office needs. The asking price is $2,500,000. This property is ideal for businesses seeking a well-maintained, strategically located facility in Wayne County, MI, with easy access to major transportation routes. The single-tenant occupancy provides stability and potential for long-term growth. The property's size and zoning provide ample room for expansion or adaptation to suit specific business requirements. This is a rare opportunity to acquire a substantial industrial property in a desirable location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1961
    Total area 41,762 SF
    Lot 3.71 ac (161,608 SF)
    APN 79 036 02 0022 305
    UPID US43-5140015
    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
    $1.45M
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    Four Walls Holdings LLC · 5 yrs held
    Four Walls Holdings LLC
    since 2021
    Last sale
    $1.1M
    3 recorded transactions
    2021
    $1.1M
    2007
    $1.1M
    2005
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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