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    20550 Hoover St Detroit, MI 48205

    For Sale
    $1,100,000

    27,500 SF industrial building, approved for cannabis cultivation/processing.

    Property size:
    27,500 SF
    Lot size:
    1.00 Acre

    Property Features for 20550 Hoover St

    General Information

    Size
    27,500 SF
    Lot size
    1.00 Acre

    Source: Landmark Commercial Real Estate Services Agent Anthony Vitale

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

    Overview

    Detroit Industrial Building, Cannabis Site

    This 27,500 square foot industrial building is located in Detroit, Michigan. The property is an approved municipal Medical Green Zone Cannabis site suitable for grow and processing operations. Land use and zoning approval from the City of Detroit is in place for cultivation and processing. All license types are possible, subject to application. The building features two 12-foot by 16-foot grade-level doors and a clear height ranging from 13 feet to 24 feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0043884
    Latitude
    42.4479784

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    FAQs

    What type of property is this?
    Manufacturing property - 27,500 SF industrial building, approved for cannabis cultivation/processing.
    Where is this manufacturing property located?
    The property is located at 20550 Hoover St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Municipal approved Medical Green Zone Cannabis Site for Grow/Processing; - Land Use and Zoning Approval from the City of Detroit for cultivation and processing; - 27,500 SF Industrial Building
    (248) 488-2620
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    20550 Hoover St 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
    20550 Hoover St Detroit, MI 48205
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