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Property profile & analytics
OFF-MARKET Estimated value $1,820,000
Flex space

42827 Irwin Dr Harrison Township, MI 48045-1342

25,141 SF 1.86 ac lot Built 1964
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US43-0487235
Property summary
AI-generated overview

This exceptional 25,326-square-foot industrial property, located at 42827 Irwin Dr, Harrison Township, MI 48045, presents a unique investment opportunity. Situated on a 1.84-acre lot, this single-tenant building boasts a 14-25 ft ceiling height, ideal for various manufacturing and warehousing needs. Built in 1964, the structure features one story and four convenient drive-in doors, ensuring efficient loading and unloading. The property benefits from substantial power capacity, with 1000 amps and 480 volts available. Currently vacant, this space offers immediate occupancy. The building is zoned for industrial use and is conveniently located near Henry B Joy Blvd in the Macomb East submarket of Macomb County, Michigan. This is a sublet lease opportunity, offering below-market rates. The property includes a state-of-the-art crane system, adding significant value and functionality for suitable tenants. This is a rare chance to acquire a well-located, spacious industrial building with significant power and convenient access. The property's size, features, and location make it an attractive option for a variety of businesses.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1964
Total area 25,141 SF
Lot 1.86 ac (80,891 SF)
Zoning code IND <20K SF
APN 17-12-07-152-003
UPID US43-0487235
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
$2.09M
Comparable Approach Comparable
$1.64M
Blend (final) Blend
$1.82M
Owner & transaction history
42827 Irwhi Investments LLC · 4 yrs held
42827 Irwhi Investments LLC
since 2022
Last sale
$2.0M
3 recorded transactions
2022
$2.0M
2015
Price N/A
1969
Price N/A
Zoning & alternative use
IND <20K SF · Harrison Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.6M +60.0%
Commercial (general) $2.6M +57.7%
Office building $2.4M +45.4%
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