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21298 Melrose Avenue

Off-Market

21298 Melrose Avenue, Southfield, MI 48075

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - R&D - Industrial
  • Property Size 42,300 SF
  • Lot Size 3.79 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

Location

  • Walk Score ® Car-Dependent (31)
  • Bike Score ® Somewhat Bikeable (36)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

CDM Transport LLC

4.04 miles

Royal Oak

6.06 miles

Troy

7.23 miles

Dearborn

9.83 miles

Smith's Creek Depot Station

9.83 miles

Walnut Grove Station

9.91 miles

Firestone Station

10.00 miles

Marathon

0.71 miles

BP

0.94 miles

BP

2.73 miles

Sunoco

3.97 miles

BP

5.68 miles

BP

5.81 miles

Ferndale Public Library

6.16 miles

Livonia, MI Supercharger

6.19 miles

Mobil

8.25 miles

2 stations

8.78 miles

Parking Lot A

1.73 miles

(Employee only)

5.44 miles

Valet

5.62 miles

US Post Office Parking lLot

6.06 miles

Lot 6

6.88 miles

SP Parking

7.15 miles

Parking Lot - West

8.96 miles

Parking Lot - South

8.97 miles

Arjay Miller Arboretum Parking

9.33 miles

Center Parking Lot

9.37 miles

KFC

2.17 miles

Blaze Pizza

3.85 miles

Sweet Soul Bistro

4.25 miles

Table 28

5.17 miles

Subway

5.66 miles

Ginopolis' Bar-B-Q Smokehouse

5.71 miles

Rosie O'Grady's

5.92 miles

Burger King

6.01 miles

Checkers

6.91 miles

Gift of India

6.99 miles

Redford Oaks

2.42 miles

Redford Oaks

2.48 miles

Savon Foods

3.24 miles

Meijer

3.88 miles

Walmart Supercenter

4.62 miles

West River Shopping Center

4.67 miles

TJ Maxx

5.04 miles

Farmington Plaza Shopping Center

5.45 miles

Big Lots

5.46 miles

Food 4 Less

5.56 miles

Straith Hospital for Special Surgery

1.19 miles

Scotsdale Women's Medical Clinic

1.67 miles

CVS Pharmacy

2.35 miles

Southfield Police Department

2.37 miles

Henry Ford Medical Center - Detroit Northwest

2.73 miles

DMC Greenfield Health Center

2.93 miles

Walgreens

3.53 miles

Beaumont Hospital - Farmington Hills

3.61 miles

DMC Sinai-Grace Hospital

4.17 miles

Farmington Hills Fire Station 3

4.24 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 04 Aug, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Southfield

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Southfield Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $20.80
  • 2021 Office Vacancy Rate 24.57%
  • 2021 Office Completions (SF)

Southfield Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $54.92
  • 2021 Office Sales Volume $53.5M
  • 2021 Number of Transactions 9
View more Southfield market trends

Tax

  • Market Value* $2,189,440
  • Assessed Value $2,189,440

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 21298 Melrose Avenue?

21298 Melrose Avenue totals 42,300 square feet.

When was this property built?

21298 Melrose Avenue was built in 1987.

When was 21298 Melrose Avenue last sold?

21298 Melrose Avenue was last sold on 04 Aug, 2021.

What is the market value for 21298 Melrose Avenue?

The market value* for 21298 Melrose Avenue in 2022 was $2,189,440.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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