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    45 St Detroit, MI 48214

    For Sale
    $1,100,000

    Industrial warehouse, 25,344 sq ft, $1.1M

    Property size:
    25,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 25,344-square-foot warehouse at 45 St. Jean Street in Detroit, Michigan, presents a compelling investment opportunity. Located on a 1.27-acre lot in Wayne County (zip code 48214), this M-4 zoned property offers significant potential. The building, formerly a foundry, requires deferred maintenance, making it ideal for redevelopment. Its prime location near the Detroit Riverfront adds considerable value. The warehouse features three 10x12 grade-level doors and a truckwell, providing excellent access for loading and unloading. The asking price is $1,100,000, translating to $43.40 per square foot. This property is a rare find, offering a substantial footprint and a strategic location for a variety of industrial uses. The existing infrastructure, including the multiple grade-level doors and truckwell, provides a solid foundation for future development. Investors seeking a redevelopment project with high upside potential in a desirable location should consider this unique opportunity.

    Property Features for 45 St

    General Information

    Property type
    Distribution properties
    Square Feet
    25,344 SF
    Lot Size
    55,321 SF

    HighLights

    • 25,344 SF Available for Sale
    • Riverfront Location Offers Excellent Redevelopment Potential
    • Three 10' x 12' grade‑level doors and one truckwell provide ample access
    • M‑4 Zoning
    • 1.27‑acre lot
    • Former foundry building; requires deferred maintenance
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9640178
    Latitude
    42.3576965

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 25,344 sq ft, $1.1M
    Where is this distribution property located?
    The property is located at 45 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: 25,344 SF Available for Sale; Riverfront Location Offers Excellent Redevelopment Potential; Three 10' x 12' grade-level doors and one truckwell provide ample access
    Request Owner's contact information
    45 St Detroit, MI 48214
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    Detroit, MI 48214
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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
    45 St Detroit, MI 48214
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