525 Redman RdMilan, MI 48160

  • Warehouses
  • 80,848 SF
For Sale
$3,500,000 View listing

Property Details for 525 Redman Rd

Year built
1962
Lot size
7.05 AC
Property size (Sq ft)
80,848 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
53-030-003-00
APU
5303000300

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,841,709
    Hospitality
    $14,510,920
    Educational
    $12,072,915
    Medical
    $12,488,121
    Retail
    $18,780,090

Location Insight

City
Milan
County
Monroe
State
Michigan
Latitude
42.0762
Longitude
-83.6968
CBSA code
33780
CBSA name
MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,927
-
-
$719,100
-
-
-
$1,438,200

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].