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    OFF-MARKET
    Manufacturing properties

    369 Midland St, Highland Park, MI 48203-3733

    25,616 SF 1.23 ac lot Built 1943
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1087469
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1943
    Total area 25,616 SF
    Lot 1.23 ac (53,579 SF)
    APN 43 005 06 0010 002
    UPID US43-1087469
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kilo Estates LLC · 1 yrs held
    Kilo Estates LLC
    since 2025
    Last sale
    $120,000
    7 recorded transactions
    2025
    2025
    $120,000
    2017
    2016
    $52,400
    2016
    2014
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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