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Property profile

524 E 10 Mile Rd Hazel Park, MI 48030

FOR SALE
Manufacturing properties
View Listing
Property ID
US43-5167797
3,843 SF 0.3 ac lot Built 1951
Last sale Dec 2010 · $130,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Hazel Park, Michigan industrial warehouse presents a compelling investment opportunity. Located at 524 E 10 Mile Rd, this single-tenant, 4,686 square foot building sits on a 0.5-acre lot. Built in 1951, the property is classified as Class C and features a single-story structure with a light industrial zoning permit. The asking price is $1,150,000, translating to $245.41 per square foot. The property boasts convenient access to major thoroughfares, I-75 and I-696, and is situated within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$84k
Effective rate5.69%

Value estimate

· Oct 2026
$145k
$131k – $160k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 2.45% cap applied$28k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$29 – $52
Qualifying comparables18

Cap rate analysis

How does the asset earn?
2.45%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
II
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency46.8
Law Firm33.3
Dental Office32.0

Location

524 E 10 Mile Rd Hazel Park, MI 48030
County assessor Recorded deeds · 2 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1658 9th Mile, Hazel Park, MI 48030-1937 $124,900 Oct 2024 4,907 SF
23041 Dequindre, Hazel Park, MI 48030-1613 $250,000 Sep 2024 3,040 SF
66 10th Mile, Hazel Park, MI 48030-1135 $170,000 Aug 2024 2,941 SF
21029 Dequindre, Hazel Park, MI 48030-2610 $200,000 Mar 2024 4,134 SF
1019 8th Mile, Hazel Park, MI 48030-2634 $242,500 Mar 2024 4,684 SF
23305 Dequindre, Hazel Park, MI 48030-1614 $40,000 Sep 2021 3,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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