Technical
Financial
Distress signals
Property profile

24900 Capitol Redford, MI 48239

FOR SALE
Manufacturing properties
Property ID
US43-5140015
41,762 SF 3.71 ac lot Built 1961
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard
No photos on file
For Sale
$2,500,000 41,762 SF
24900 Capitol, Redford, MI 48239
View Listing →

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

Location

24900 Capitol Redford, MI 48239
Redford metro Census 555300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2021
Last sale
$1.1M
3 recorded transactions
2021
$1.1M
2007
$1.1M
2005
$80,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message