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    2600 Grand Blvd Detroit, MI 48211

    Sponsored
    For Sale
    $2,750,000

    Prime Detroit location, approved grow facility, high potential.

    Property size:
    73,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 73,000 square foot industrial building, located at 2600 E Grand Blvd in Detroit, Michigan, presents a unique investment opportunity. Situated on a 1.61-acre lot in the vibrant Milwaukee Junction area, this two-story structure boasts a rich history, having served various industrial purposes since its construction in 1934. Currently vacant, the property offers significant potential for redevelopment. The building features 12-foot ceilings and two loading docks, making it suitable for a variety of uses. Importantly, this property has received city approval for operation as both a Marijuana Grower Facility (MGF) and a Marijuana Processing Facility (MPF), opening doors to a lucrative and expanding market. Zoned M4, the property's versatility extends beyond its approved uses, presenting opportunities for mixed-use development. The asking price is $2,750,000, translating to $37.67 per square foot. This NNN lease property is an excellent investment in a rapidly developing area, offering substantial returns for the discerning buyer. The property's location within an Opportunity Zone further enhances its investment appeal. This is a rare chance to acquire a large-scale industrial property with significant upside potential in a prime Detroit location. The property's history includes use by the American Wood Grain Co. and the Peschke Meat Packing Co. This building is ready for its next chapter.

    Property Features for 2600 Grand Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    73,000 SF
    Lot Size
    70,132 SF

    Building Details

    Year Built
    1934
    Buildings
    1
    Stories
    2

    HighLights

    • 73,000 SF industrial building on a 1.61‑acre lot in Detroit's Milwaukee Junction.
    • City‑approved for Marijuana Grower and Processing Facilities.
    • Located in an Opportunity Zone, offering significant tax advantages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Caramagno Foods Wholesaler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -83.0567734
    Latitude
    42.3769096

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    FAQs

    What type of property is this?
    Distribution property - Prime Detroit location, approved grow facility, high potential.
    Where is this distribution property located?
    The property is located at 2600 Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 73,000 SF industrial building on a 1.61-acre lot in Detroit's Milwaukee Junction.; City-approved for Marijuana Grower and Processing Facilities.; Located in an Opportunity Zone, offering significant tax advantages.
    Request Owner's contact information
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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
    2600 Grand Blvd Detroit, MI 48211
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