369 Midland St, Highland Park, MI 48203-3733
This exceptional 25,616-square-foot industrial property, located at 369 Midland St, Highland Park, MI 48203, presents a compelling redevelopment opportunity. Situated on a 1.23-acre lot (APN 43-005-06-0010-002), this single-story building boasts 10'-14' ceiling heights and is zoned for Industrial-Research use. Currently vacant, the property offers significant potential for various manufacturing, research & development, or warehouse applications. Its strategic location provides unparalleled access to major freeways (I-75, I-94, I-96, and M-10), further enhanced by recent public transit improvements via the M-1 Rail. Highland Park's ongoing revitalization, including investments in auto manufacturing, distribution, and retail, positions this property for substantial growth. The property is in a green zone and permitted for marijuana/cannabis use. Seller financing is available. This Class D building is priced at $8.78 per square foot, representing an attractive investment in a thriving community. The property's size and zoning make it suitable for a variety of industrial uses, capitalizing on the area's resurgence and excellent transportation links. This is a rare chance to acquire a significant industrial asset in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.