Property profile

51341 Celeste Shelby Township, MI 48315

FOR SALE
Flex space
Property ID
US43-1039866
19,020 SF 1.76 ac lot Built 1995
Individually Owned 2-yr Hold ~ Est. High Equity
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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

Location

51341 Celeste Shelby Township, MI 48315
Shelby Township metro Census 226400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$500k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2021
Price N/A
2017
Price N/A

Zoning & alternative use

LM · Shelby Township, MI
Top alternative use upside
Retail stores $2.3M +42.2%
Medical building $2.3M +41.7%

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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