Quick answer: 24450 Indoplex Circle in Farmington Hills, MI is a one-story light-industrial building (built 1973) on 1.51 acres. It sold for $2.6 million in July 2025, roughly $91 per square foot. County records show a taxable value of $696,190 and annual property taxes of about $20,150. The property is zoned II (light industrial) and is not currently listed for sale.
If you’ve been searching for details on this address, you’re probably researching it for investment, checking on a business located there, or curious about its value. This guide breaks down what’s on public record, explained in plain language.
Unlike a typical single-family home, this property is commercial. It’s zoned light-industrial, not residential. Because of that, the records look a little different than what you’d see on a home listing. However, once you understand what each figure means, pulling useful insight becomes much easier.
Official Records for 24450 Indoplex Circle
Searching with parcel ID 22-23-21-303-025 gets the most reliable results. These are the official sources for this address:
- City assessor: the Farmington Hills Assessing Division keeps the property record card. The city says assessed value is 50% of market value. Call 248-871-2471 with questions.
- GIS map: the Oakland County Property Gateway shows parcel maps and boundaries. Treat it as a reference tool, not a survey.
- Zoning: the Farmington Hills Zoning Ordinance lists permitted uses by district.
- Deeds and ownership: the Oakland County Clerk/Register of Deeds holds recorded documents.
Property Overview: 24450 Indoplex Circle
This property sits in Oakland County, within the city of Farmington Hills, Michigan. Farmington Hills is a well-established suburb. It sits roughly 22 miles northwest of downtown Detroit. In fact, it’s the second-largest community in Oakland County, with a population of nearly 84,000 residents.
Here’s a quick snapshot of the core details currently on file:
- Property type: Light industrial / commercial
- Year built: 1973
- Building size: 27,090 square feet
- Stories: 1
- Lot size: 1.51 acres (approximately 65,732 square feet)
- Zoning: Light industrial (some data sources label it “II”; Farmington Hills’ ordinance names its light-industrial district LI-1, so confirm on the city zoning map)
- County: Oakland
- Parcel ID (APN): 22-23-21-303-025
- Last sale: $2,600,000, closed July 2025 (about $91 per square foot)
- Current market status: Off-market, not currently listed for sale
This is an industrial-zoned property. As a result, it’s used for business operations rather than housing. That said, researching its records still follows the same basic principles as researching any property in Michigan.
Assessed Value and Tax Records
One of the most searched details for any property is its assessed value. So, let’s break down what’s currently on file for 24450 Indoplex Circle.
According to available county tax records, the taxable value breaks down like this:
- Land value: $98,600
- Additions (building) value: $597,590
- Total taxable value: $696,190
As for annual property taxes, the most recent tax bill came in around $20,150 per year. That works out to roughly $1,679 per month. Tax rates can shift slightly year to year. So, it’s smart to confirm the current figure directly through the city assessor’s office. Third-party estimates aren’t always current.
It’s also worth noting that taxable value and market value aren’t always the same number. In Michigan, taxable value is capped under the state’s Headlee Amendment and Proposal A rules. Because of this, it typically rises more slowly than actual market value. That’s especially true in a market where commercial property demand remains strong. As a result, the property’s true resale value could be higher than the taxable figure suggests.
Sale History: What Did 24450 Indoplex Circle Sell For?
According to commercial real estate trade reports, the property sold in July 2025 for $2.6 million. Friedman Real Estate represented the buyer. The reported price works out to roughly $91 per square foot, based on the broker-reported building size.
You may notice the building size differs between sources. Broker and trade reports list about 28,640 square feet, while county tax records list 27,090 square feet. Differences like this are common with older industrial buildings, since county records and brokers often measure space differently. For a purchase or lease decision, confirm the figure with a survey or the current owner.
Zoning and Land Use
This parcel is zoned for light industrial use. Some property-data sites label the code “II,” but the Farmington Hills zoning ordinance calls its light-industrial district LI-1, so check the city’s zoning map to confirm the exact district. The LI-1 district is intended for wholesale activities, warehouses and industrial operations whose nuisance effects stay within the district. Any specific use still has to meet local rules.
Given its zoning and layout, this type of property tends to appeal to:
- Equipment distributors and suppliers
- Light manufacturing operations
- Warehouse and logistics companies
- Industrial service providers
The surrounding Indoplex Circle corridor is largely developed with similar industrial buildings. Because of this, the parcel fits naturally into that broader business district. It doesn’t stand out as a residential-adjacent property.
Who Occupies the Property
Historical business records show that Corrosion Fluid Products Corp has operated at this address for years. Because the building changed hands in 2025, current occupancy may differ from older listings, so treat this as background rather than a confirmed tenant record. The company was founded in 1968. It distributes corrosion-resistant and engineered fluid handling equipment, including process pumps, valves, fiberglass piping, hoses, and filtration products. Additionally, it serves the chemical and process fluid handling markets. The business also offers pump repair, system design, and valve automation services.
This address also appears in EPA facility registry records. That’s fairly common for industrial buildings that handle fluid processing or chemical-adjacent equipment. However, appearing in a federal registry doesn’t necessarily indicate any violation. Typically, it just means the site is registered for regulatory tracking.
How Property Records Work in Oakland County
If you want to dig deeper into this property, Oakland County offers several official research channels. The Oakland County Clerk/Register of Deeds maintains ownership and deed history. Meanwhile, the City of Farmington Hills Assessing Department handles taxable value and property classification.
For the most accurate, up-to-date figures, it’s best to search directly through the City of Farmington Hills Assessing Department. Third-party real estate sites sometimes lag behind official county updates.
Understanding how taxable value, assessed value, and market value differ becomes especially useful when evaluating commercial parcels like this one.
Why Property Records Matter for Buyers and Investors
Whether you’re evaluating this specific property or researching Farmington Hills real estate more broadly, public records offer real practical value.
First, they help confirm whether a listed price matches actual taxable value trends. Second, they reveal zoning restrictions that could limit what you’re legally allowed to do with the property. Third, tax history gives you a realistic sense of ongoing carrying costs. That matters significantly for investment planning.
For commercial buyers, it’s also worth checking:
- Whether the property has any outstanding liens
- Environmental or regulatory filings tied to the address
- Recent comparable sales nearby
- Current occupancy and lease status, if applicable
Commercial industrial space in Metro Detroit has stayed in steady demand through 2025 and into 2026. Because of this, properties like this one, especially those along established business corridors, tend to hold their value well. Easy highway access and a stable tenant base both help.
Local Market Context: Farmington Hills Industrial Real Estate
Farmington Hills has long been one of Oakland County’s stronger commercial markets. Its location along major Metro Detroit corridors makes it attractive for distribution and light manufacturing businesses. These companies need convenient access to local customers and regional logistics routes alike.
In recent years, demand for industrial space across Oakland County has stayed relatively resilient. That’s true even as some other commercial sectors have softened. As a result, older light-industrial buildings like this one continue to attract interest. This applies especially to buildings with functional layouts and adequate lot size. Both owner-users and investors tend to take notice.
That said, buyers should always factor in building age when evaluating a property like this. It was constructed in 1973. Because of that, potential updates to electrical systems, roofing, or HVAC infrastructure may be worth budgeting for. This holds true even if the building has been well maintained over the decades.
Frequently Asked Questions
Is 24450 Indoplex Circle currently for sale?
Based on the most recent records, the property is off-market. It’s not actively listed for sale. However, availability can change, so checking current commercial listing platforms is the best way to confirm real-time status.
What type of property is located at 24450 Indoplex Circle?
This is a light industrial commercial building, not a residential property. It’s zoned for business use and has historically housed an industrial equipment distributor.
How large is the building at this address?
The building totals approximately 27,090 square feet. It sits on a 1.51-acre lot, making it a mid-sized industrial facility for the area.
What is the assessed taxable value of this property?
According to available county records, the total taxable value is approximately $696,190. That figure combines land value and building additions.
How much are the annual property taxes?
Recent tax records show an annual bill of approximately $20,150. This figure can change based on yearly millage rate adjustments.
Who owns or occupies 24450 Indoplex Circle?
Public business records point to Corrosion Fluid Products Corp. The company distributes industrial fluid handling equipment and has operated from this address for years.
Where can I verify official property records for this address?
Two sources are most reliable. The Oakland County Clerk/Register of Deeds covers ownership history. The City of Farmington Hills Assessing Department covers taxable value and zoning.
What school district is this property located in?
Even though it’s a commercial property, it falls within the Farmington Public School District. That could matter if the surrounding area is ever redeveloped for mixed use.
Final Thoughts
Researching a commercial property like 24450 Indoplex Circle takes a bit more digging than a standard home search. Still, the public records tell a fairly complete story. Between zoning classification, taxable value history, and business occupancy records, you get a clear picture of what this property is. You also learn how it’s used and roughly what it’s worth on paper.
If you’re considering this property for investment or leasing, verify details through official county and city sources. That remains the most reliable approach. Third-party listing sites are useful starting points. However, they don’t always reflect the most current assessment or ownership updates.
Related guide: Researching property in another county? See our Gwinnett County property search guide for taxes and records, or browse more real estate guides.