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Financial
Distress signals
Property profile

525 Redman Rd Milan, MI 48160

OFF-MARKET
Warehouses
Property ID
US43-1789429
80,848 SF 7.05 ac lot Built 1962
Last sale Oct 2015 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 79,830-square-foot warehouse, situated on a sprawling 7.05-acre lot in Milan, Michigan, presents a compelling investment opportunity. Built in 1962 and extensively renovated in 2023, the property boasts a versatile layout ideal for various industrial uses. The building features a generous 166 parking spaces, ensuring ample room for employees and visitors. Loading and unloading are efficient with two loading docks and seven overhead doors. The warehouse offers impressive…

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?
$42k
Tax billed · 2023
Assessed value$719k
Effective rate5.83%

Value estimate

· Oct 2026
$695k
$626k – $765k
Submarket $/SF estimate$2.76M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$62/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$29 – $108

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.8
Wholesale Shop14.5
Restaurant14.2

Location

525 Redman Rd Milan, MI 48160-9310
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
385 Redman, Milan, MI 48160-1622 $4,700,000 Apr 2024 17,970 SF
201 Squires, Milan, MI 48160-1253 $2,650,000 Apr 2024 30,975 SF
13660 Sanford, Milan, MI 48160-9705 $125,000 Aug 2022 No data
16801 Cone, Milan, MI 48160-9033 $175,000 Aug 2019 3,200 SF
175 Richards, Milan, MI 48160 $50,000 Feb 2019 950 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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