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    20530 Hoover St Detroit, MI 48205

    Sponsored
    For Lease
    $7 SF/Yr

    Industrial warehouse, 1.5 acres, newly renovated.

    Lot size:
    40,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 40,300-square-foot industrial warehouse, situated on a 1.5-acre lot in Detroit, MI, presents a prime opportunity for businesses seeking a strategic location. The property boasts a prime location near the intersection of 8 Mile and Groesbeck Highway. Completely renovated in 2024, this single-tenant Class C building features a new roof (2023) with a 20-year warranty, upgraded electrical systems (3,000 AMPS, 480 Volts, 3-phase, 2,100 KVA), a new fire suppression system, and updated plumbing. The warehouse offers 16'-22' ceiling heights, four loading docks, and four drive-ins, providing ample space and efficient loading capabilities. A brand-new office space is included, complete with epoxy floors, a kitchenette, bathrooms, and direct access to the warehouse. The building's 269-foot frontage provides excellent visibility. Built in 1955, this property is zoned for industrial use and is available for sale, lease, or sale on a land contract. This is a turnkey solution for industrial and manufacturing businesses seeking a modern, well-equipped facility in a highly accessible location.

    Property Features for 20530 Hoover St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,300 SF
    Class
    C
    Total Rate
    24986

    Building Details

    Year Built/Renovated
    1955/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    40,300 SF
    Rate per SF
    $7

    HighLights

    • 40,300 SF industrial warehouse on a 1.5‑acre lot in Detroit, MI.
    • Prime location near 8 Mile and Groesbeck Highway.
    • Completely renovated in 2024, including a new roof (20‑year warranty).
    • Upgraded electrical (3,000 AMPS, 480 Volts, 3‑phase, 2,100 KVA), new fire suppression, and updated plumbing.
    • 16'-22' ceiling heights, four loading docks, and four drive‑ins.
    • New office space with epoxy floors, kitchenette, bathrooms, and warehouse access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -83.0044511
    Latitude
    42.4475876

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 1.5 acres, newly renovated.
    Where is this distribution property located?
    The property is located at 20530 Hoover St Detroit, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 40,300 SF industrial warehouse on a 1.5-acre lot in Detroit, MI.; Prime location near 8 Mile and Groesbeck Highway.; Completely renovated in 2024, including a new roof (20-year warranty).
    Request Owner's contact information
    20530 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
    20530 Hoover St Detroit, MI 48205
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