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    3240 Woodbridge St Detroit, MI 48207

    For Sale
    $2,000,000

    Move-in ready, 40,000 sq ft warehouse, prime location.

    Property size:
    40,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 40,000-square-foot industrial/warehouse property presents a compelling investment opportunity in Detroit's vibrant Rivertown neighborhood. Located just south of East Jefferson Avenue and within a mile of Downtown, this move-in ready building boasts a highly desirable location with convenient access to key city amenities. The property's strategic position offers easy access to the Detroit Riverwalk, Dequindre Cut, and Joseph Campau Greenways, providing excellent pedestrian and cyclist connectivity to Eastern Market and Lafayette Park. The substantial 1.37-acre lot includes 0.62 acres (27,000 square feet) of SD4-zoned land, providing ample space for on-site parking, significantly enhancing the property's versatility and appeal to a wide range of potential users. The building itself is in sound structural condition and features a flexible layout, making it ideal for adaptive reuse or redevelopment in accordance with existing zoning regulations. This presents a unique chance to acquire a well-situated industrial property with significant potential for future growth and return on investment. The asking price is $2,000,000.

    Property Features for 3240 Woodbridge St

    General Information

    Property type
    Industrial properties
    Square Feet
    40,000 SF
    Lot Size
    59,677 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.01497
    Latitude
    42.3404

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    FAQs

    What type of property is this?
    Industrial property - Move-in ready, 40,000 sq ft warehouse, prime location.
    Where is this industrial property located?
    The property is located at 3240 Woodbridge St Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (313) 963-9891
    Request Owner's contact information
    3240 Woodbridge St Detroit, MI 48207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3240 Woodbridge St Detroit, MI 48207
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