Property profile

25255 Henry B Joy Blvd Harrison Township, MI 48045

FOR LEASE
Industrial properties
Property ID
US43-1589462
1,332 SF 39.41 ac lot Built 1940
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 30.46-acre industrial property in Harrison Township, Michigan, presents a rare investment opportunity. Boasting 1,320,000 square feet of IND-zoned land, it's ideally situated with prime freeway visibility to I-94 and proximity to Selfridge Air Base. The property's zoning permits diverse uses, including indoor and potentially outdoor cannabis cultivation, processing, and greenhouse operations, alongside traditional industrial applications. All utilities are on-site, and the majority of the land is flat and cleared, ensuring immediate usability. Its strategic location in Metro Detroit offers excellent access to a robust workforce and significant brand exposure, given its proximity to both established businesses and densely populated residential areas. The asking price is $1,750,000, translating to $1.33 per square foot. An adjacent 39.96-acre parcel is available for separate purchase, though a significant portion is comprised of wetlands and trees. This presents a unique chance to acquire a substantial industrial site with significant potential for cannabis-related or traditional industrial development in a high-demand location. The property's address is 25255 Henry B Joy Blvd, Harrison Township, MI 48045.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1940
Total area 1,332 SF
Lot 39.41 ac (1,716,743 SF)
Zoning code IND VACANT
APN 17-12-06-300-010
UPID US43-1589462

Cap rate & NOI

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

Location

25255 Henry B Joy Blvd Harrison Township, MI 48045
Harrison Township metro Census 247100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$380k

Owner & transaction history

since 2022
4 recorded transactions
2023
Price N/A
2022
Price N/A
2019
Price N/A
2015
Price N/A

Zoning & alternative use

IND VACANT · Harrison Township, MI

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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More about this property
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