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    20263 Hoover St Detroit, MI 48205

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    For Sale
    $5,050,000

    Industrial property featuring rail access, heavy power, and grow facilities.

    Property size:
    69,022 SF
    Lot size:
    4.93 Acres

    Property Features for 20263 Hoover St

    General Information

    Size
    69,022 SF
    Lot size
    4.93 Acres

    Source: Signature Associates Agent Christopher J. Monsour

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Property with Rail Access

    This industrial property features many building upgrades and new construction. Approximately two-thirds of the building is currently leased out for machinery storage and includes cranes. The property benefits from rail access and heavy power. It also contains separate grow facilities with extra room available to potentially double production. A large fenced and paved parking area is included. The building has a total area of 69022 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Toepfer Storage, iStorage

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0064386
    Latitude
    42.4459743

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    FAQs

    What type of property is this?
    Warehouse - Industrial property featuring rail access, heavy power, and grow facilities.
    Where is this warehouse located?
    The property is located at 20263 Hoover St Detroit, MI.
    What is the asking price?
    The asking price for this property is $5,050,000.
    What are key features of this property?
    This property features: - Rail access for efficient transportation of goods; - Heavy power supply suitable for industrial operations; - Existing leases provide immediate income from 2/3 of the building
    (313) 363-1010
    Request Owner's contact information
    20263 Hoover St Detroit, MI 48205
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    Detroit, MI 48205
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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
    20263 Hoover St Detroit, MI 48205
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