4204 Oakwood BlvdMelvindale, MI 48122
- Individual retail properties
- 12,400 SF
Property Details for 4204 Oakwood Blvd
- Lot size
- 0.55 AC
- Property size (Sq ft)
- 12,400 SF
- Zone code
- R1 1 FA
- Property type
- Individual retail properties
- APN
- 47 009 03 0904 001
- APU
- 47009030904001
Description
This exceptional 18,000-square-foot warehouse, situated on a 0.55-acre lot in Melvindale, Michigan, presents a significant opportunity for businesses seeking expansive space. The property is zoned commercial and located in Wayne County, offering convenient access to major transportation routes (specific details not provided). The building is classified as Industrial, Special Purpose, and functions as a single-tenant facility, perfect for a company needing ample room for storage, manufacturing, or distribution operations. The property features a total building area of 18,000 square feet, providing substantial space for various business needs. The 0.55-acre lot size offers ample room for expansion or additional outdoor storage. This property is available for a triple net lease, offering flexibility for potential tenants. Possession is scheduled for January 1st, 2025. The property's address is 4204 Oakwood Boulevard, Melvindale, MI 48122. This is a prime opportunity for businesses seeking a well-located, spacious warehouse in a thriving commercial area. The property's size and zoning make it suitable for a variety of industrial and manufacturing uses. Interested parties should act quickly to secure this exceptional property.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,791,158
- 6.5%
- $3,499,530
- 7%
- $3,249,564
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,922,938
- Geo Method
- $2,922,938
-
Alternative Use
- Use
- Valuation
- Residential
- $2,951,985
- Hospitality
- $2,704,002
- Educational
- $2,249,698
- Medical
- $2,327,069
- Retail
- $3,499,530
Location Insight
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2828
- Longitude
- -83.1904
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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