Property profile

47887 Michigan Ave Canton, MI 48188

OFF-MARKET
Warehouses
Property ID
US43-0377291
142,666 SF 7.39 ac lot Built 2004
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2004
Total area 142,666 SF
Lot 7.39 ac (321,908 SF)
Zoning code G-1
APN 71 128 99 0005 705
UPID US43-0377291

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Storage Facility
  • Storage Facility
  • Distribution Center Logistics Company

Location

47887 Michigan Ave Canton, MI 48188-2239
Canton metro Census 564504 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.38M
Blend (final) Blend
$9.39M

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2013
$5.0M
2004
$470,000

Zoning & alternative use

G-1 · Canton, MI
Top alternative use upside
Retail stores $15.3M +163.1%
Medical building $13.9M +138.4%

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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