Property profile

525 Redman Rd Milan, MI 48160

OFF-MARKET
Warehouses
Property ID
US43-1789429
80,848 SF 7.05 ac lot Built 1962
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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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 ceiling heights ranging from 10 to 20 feet, providing ample vertical space for storage and operations. The property includes 5,696 square feet of office space, providing comfortable administrative areas. Power is robust, with 2,800 amps, 480 volts, and 3-phase service. Modernizations include the recent installation of new LED lighting, enhancing energy efficiency and brightness. The property is zoned for General Business/Industrial use, offering flexibility for a wide range of businesses. The property's address is 525 Redman Rd, Milan, MI 48160, and its APN is 53-030-003-00. This well-maintained and updated warehouse is ready for immediate occupancy and represents a significant opportunity in a desirable location.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1962
Total area 80,848 SF
Lot 7.05 ac (307,098 SF)
APN 53-030-003-00
UPID US43-1789429

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

525 Redman Rd Milan, MI 48160-9310
Milan metro Census 830700 MONROE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.76M
Blend (final) Blend
$695k

Owner & transaction history

since 2015
6 recorded transactions
2026
Price N/A
2016
Price N/A
2015
$525,000
2013
$501,132
1969
Price N/A
1969
Price N/A

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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