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51233 Grand Riv Ave Wixom, MI 48393-3333

Industrial land Google Maps
5.97 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
51233 Grand Riv Ave, Wixom, MI 48393-3333 For Lease
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51233 Grand Riv Ave, Wixom, MI 48393-3333
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Estimated value
No estimation on file for this property yet.
Property ID US43-1037162

Property summary

AI-generated overview

This exceptional industrial property, located at 51233 Grand River Ave, Wixom, MI 48393, offers a prime build-to-suit opportunity. Situated on a 6.47-acre lot with 455 feet of Grand River Avenue frontage, this site provides excellent visibility and signage potential. The property is zoned for Office and Research (IRO) and Planned Unit Development (PUD) districts, allowing for flexibility in development. The building will encompass 60,000 to 120,000 square feet, designed to meet specific tenant requirements. Features include multiple truckwells and drive-in loading doors for efficient operations. The office space will be customized to the tenant's specifications. Ample parking is available, accommodating 150 to 275 vehicles. The property boasts robust power capabilities, with a 1,000 amp/480-volt service. This single-tenant industrial space is ideal for manufacturing or warehousing needs in Oakland County, Michigan. The location offers easy access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to develop a custom-built facility in a highly desirable location.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 5.97 ac (260,053 SF)
Zoning code IRO
APN 96-22-07-351-020
UPID US43-1037162

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IRO · Wixom, MI
Zoning description

The IRO industrial research office district is designed to provide for uses that are office or research type or industrial uses that have limited impact outside of the industrial building

General category INDUSTRIAL

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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