For Sale
$1,150,000

524 10 Mile RdHazel Park, MI 48030

Industrial Warehouse - $1.15M

Overview

Added:
Dec 11, 2024
Days on market:
118
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 a mile of a population center of 16,493. Utilities include gas, heating, sewer, and city water. The sale is an Absolute NNN lease. The property features zero loading docks and zero dock-high doors. Parcel number is 56845486754976. This is a prime opportunity for investors seeking a well-located industrial property in a growing area. The property's convenient location and established infrastructure make it an attractive option for a variety of businesses. The single-tenant occupancy simplifies management, and the Absolute NNN lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a well-positioned industrial asset in a desirable market.

Highlights

  • 4,686 SF industrial warehouse on a 0.5-acre lot in Hazel Park, MI.
  • Located at 524 E 10 Mile Rd, near I-75 and I-696.
  • Class C building, built in 1951, with light industrial zoning.
  • Asking price: $1,150,000 ($245.41/SF), Absolute NNN lease, single-tenant occupancy.

Property Details for 524 10 Mile Rd

Property type
Warehouses, Industrial properties
Square Feet
4,686 SF
Class
C
Year Built
1951
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
1

Location Insight

City
Hazel Park
County
Oakland
State
Michigan
Latitude
42.4759085
Longitude
-83.1008439
524 10 Mile Rd, Hazel Park, Michigan

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524 10 Mile Rd
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