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25096 5th Mile Rd Redford, MI 48239-3706

OFF-MARKET Retail space Google Maps
4,133 SF 0.36 ac lot Built 1955
Entity Owned Free & Clear
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US43-1351052

Property summary

AI-generated overview

This exceptional 4,133 square foot industrial property, situated on a 0.36-acre lot in Redford, Michigan, presents a remarkable investment opportunity. Previously occupied by Floyd's Florist, the building offers a versatile layout suitable for a variety of commercial or retail uses. The main showroom area features an attractive three-door display cooler and counter, perfect for showcasing products or creating a welcoming retail space. A significant advantage is the inclusion of an approximately 11 x 14 foot walk-in cooler located in the warehouse area, adding valuable storage or processing capabilities. The property also boasts a large garage door, accommodating multiple vehicles and offering ample space for storage. Existing storage racks are in place, and additional shelving could easily be added to maximize storage capacity. Alternatively, the floor space can be utilized for more vehicles or equipment. A substantial parking lot provides convenient parking for customers and employees. The property's layout is particularly well-suited for multi-tenant applications, allowing for the operation of a primary business while generating rental income from separate spaces, each with its own entrance. The building's location is another key asset, situated directly next to a city park in a quiet yet highly visible area. The previous owner had begun renovations to convert the space into a daycare in the front and a construction business storage area in the back, providing a potential starting point for future development. The property is being sold in "as-is" condition.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 4,133 SF
Lot 0.36 ac (15,682 SF)
APN 79 015 01 0232 000
UPID US43-1351052

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$255,000
6 recorded transactions
2025
$190,000
2024
$255,000
2023
$185,550
2023
Price N/A
2015
$260,000
2015
Price N/A

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
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