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    FOR SALE
    Flex space

    51341 Celeste, Shelby Township, MI 48315

    19,020 SF 1.76 ac lot Built 1995
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-1039866
    Property summary
    AI-generated overview

    This exceptional Shelby Township, Michigan industrial distribution center presents a unique investment opportunity. Located at 51341 Celeste Drive, 48315, this Class C property boasts a total area of 23,040 square feet, built in 1995. The building offers significant flexibility with a range of square footage options from 8,040 to 23,040 square feet. The property features a well-maintained, renovated front office space with epoxy floors, ready for immediate occupancy with minimal finishing touches required. The warehouse area is equipped for efficient operations, including two 5-ton cranes, bus duct, and airlines throughout. Four grade-level loading doors provide convenient access for loading and unloading. The property also includes additional land, offering potential for expansion or increased parking capacity. This free-standing building is a rare find in Shelby Township, offering a combination of functionality, modern amenities, and expansion potential. The asking price is $2,475,000. This property is ideally suited for a variety of distribution and industrial uses. Its strategic location in Macomb County, Michigan provides easy access to major transportation routes and a skilled workforce. Don't miss this chance to acquire a high-quality industrial property in a thriving market.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1995
    Total area 19,020 SF
    Lot 1.76 ac (76,796 SF)
    Zoning code LM
    APN 23-07-13-300-033
    UPID US43-1039866
    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
    by Request
    Comparable Approach Comparable
    $1.56M
    Blend (final) Blend
    $1.57M
    Owner & transaction history
    Friends Of Foster Kids · 2 yrs held
    Friends Of Foster Kids
    since 2023
    3 recorded transactions
    2023
    2021
    2017
    Zoning & alternative use
    LM · Shelby Township, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.3M +42.2%
    Medical building $2.3M +41.7%
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    More about this property
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