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    1599 Warren Ave Detroit, MI 48207

    For Sale
    $990,000

    Huge warehouse, 3.9 acres, B-4 zoning.

    Property size:
    235,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property at 1599 E. Warren Avenue in Detroit, Michigan, presents a significant redevelopment opportunity. The expansive 235,000 square foot warehouse sits on a generous 3.9-acre lot, offering ample space for a variety of uses. The property is zoned B-4, General Business, allowing for diverse development options. The asking price is $990,000, translating to a price per square foot of $4.21. The substantial size of the building, combined with the large fenced yard, provides significant flexibility for future projects. Located in Wayne County, Michigan, with a zip code of 48207, this property benefits from its strategic location in Detroit. The property's size and zoning make it ideal for businesses seeking a large footprint and versatile development potential. This is a rare chance to acquire a substantial industrial property in a prime Detroit location, ready for its next chapter. Serious inquiries are encouraged to explore the possibilities this unique offering presents.

    Property Features for 1599 Warren Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    235,000 SF
    Lot Size
    169,884 SF

    HighLights

    • 3.9‑acre land parcel available for sale.
    • 235,000‑square‑foot building.
    • Redevelopment opportunity.
    • Excellent location.
    • B‑4 General Business zoning.
    • Large fenced yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    unique furniture designer ... Store Hoban Cold Storage Warehouse

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market 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
    -83.048083
    Latitude
    42.363464

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    FAQs

    What type of property is this?
    Distribution property - Huge warehouse, 3.9 acres, B-4 zoning.
    Where is this distribution property located?
    The property is located at 1599 Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 3.9-acre land parcel available for sale.; 235,000-square-foot building.; Redevelopment opportunity.
    Request Owner's contact information
    1599 Warren Ave 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
    1599 Warren Ave Detroit, MI 48207
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