18900 Meginnity StMelvindale, MI 48122

Property Details for 18900 Meginnity St

Lot size

1.15 AC

Property size (Sq ft)

5,000 SF

Zone code

R1 1 FA

Property type

Manufacturing properties

APN

47 003 99 0021 000

APU

47003990021000

Description

This exceptional 5,000 square foot industrial property, situated on a generous 1.15-acre lot in Melvindale, MI, presents a unique investment opportunity. The building, which underwent a significant rebuild in 2020, boasts three 15-foot bays, ideal for semi-truck service and mechanic work. The main floor features five well-appointed offices and a sizable lobby, providing ample space for administrative functions. Approximately 1,000 square feet of finished space on the second floor offers versatile potential for additional storage or office expansion. The property's substantial lot size allows for convenient parking of over 20 trailers or 10 semi-trucks. The property is exceptionally clean and well-maintained, reflecting recent upgrades and meticulous upkeep. Its strategic location in Melvindale offers easy access to major transportation routes, making it an attractive option for businesses requiring efficient logistics and ample space. The combination of updated mechanical systems, generous square footage, and extensive parking makes this a highly desirable industrial property. This turnkey operation is ready for immediate occupancy and presents a strong return on investment. The property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $2,221,580

  6.5%

  $2,050,690

  7%

  $1,904,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,320

  Geo Method

  $748,320

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,069,430

  Mixed-Use / Specialty

  $1,079,690

  Hospitality / Lodging

  $810,445

  Office

  $1,087,920

  Institutional / Educational

  $1,127,470

  Residential Income

  $1,319,140

  Multifamily

  $1,504,120

  Automotive / Energy

  $966,400

  Parking / Income-Based Land

  $319,596

  Restaurant / Food Service

  $591,573

  Healthcare / Senior Housing

  $1,092,780

Location Insight

City

Melvindale

County

Wayne

State

Michigan

Latitude

42.272

Longitude

-83.1757

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].