Detroit Industrial Building in Green
For Sale
Contact for pricing
8107 Military St, Detroit, MI 48204
Industrial building in Detroit's Green Zone, suitable for cannabis operations.
Property Size8,500 SF
Price / SF$76.47
Days on Market776
Property Features for 8107 Military St
General Information
Standard status
Active
Size
8,500 SF
Class
C
Property subtype
Retail, Office, Industrial
Zoning
M-3 Light Industrial Zoning
Lease Type
NNN
Building Details
Year Built
1946
Year Renovated
2018
Listing Agency:
NAI Farbman
Listed By:
Wendy Acho · License #MI 6501411463
(248) 563-0739
Source:
Crexi
Added: Aug 22, 2024
Changed: Sep 28
Last Checked: Oct 5 at 5:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman
Investment Insights
Based on property information with market context.
This 8,500-square-foot industrial building is located in Detroit's Green Zone, making it suitable for cannabis operations. The property benefits from heavy power and is situated two blocks from Livernois Avenue and one block from Tireman Avenue. It is directly across the street from the Detroit Edison – Warren Service Center, between Joy Road and Livernois Avenue, near Tireman Avenue. The location provides convenient access to Downtown Detroit, I-94, and I-96. The current license is under the owner's name; a new operator will need to apply for a license in their own name, with approval being very likely. The property is located at 8107 Military St / Vancouver St., Detroit, MI 48204, north of Tireman Avenue and east of Livernois.
Key Highlights
- Located in an approved Green Zone for cannabis operations.
- Heavy power infrastructure suitable for industrial use.
- Strategic location near Livernois and Tireman Avenues.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,341
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,820
$826.8K
Cap Rate 7%
$590,586
$590.6K
Cap Rate 9%
$459,344
$459.3K
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$62.2K $7.32/SF
− Vacancy
−$3.2K −$0.37/SF
EGI
$59.1K $6.95/SF
− OpEx
−$17.7K −$2.08/SF
NOI
$41.3K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,820
Cap Rate 7%
$590,586
Cap Rate 9%
$459,344
Alternative Uses
Best Use
Industrial
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,259 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building in Detroit's Green Zone, suitable for cannabis operations.
Where is this industrial property located?
The property is located at 8107 Military St Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Located in an approved Green Zone for cannabis operations.; Heavy power infrastructure suitable for industrial use.; Strategic location near Livernois and Tireman Avenues.
