545 Milwaukee Ave Detroit, MI 48202

Property Details for 545 Milwaukee Ave

Year built

1946

Lot size

0.07 lot acres

Property size

2,550 SF

Property type

Warehouses

Property subtype

Life science properties

Description

This exceptional 2,550-square-foot industrial property, located at 545 E Milwaukee Ave in Detroit, Michigan, presents a compelling investment opportunity. Built in 1946 and extensively renovated in 2023, this single-story building boasts a desirable flex space configuration suitable for various industrial and research & development uses. The property features a 13.4-foot clear ceiling height, one 10 x 14-foot overhead dock high door, and ample 400-amp power, ensuring operational efficiency. The M3 zoning allows for a wide range of permitted uses. Situated on a 0.07-acre lot, the property includes two parking spaces, offering convenient access for employees and clients. Its strategic location provides quick access to I-75, a significant advantage for logistics and transportation. Furthermore, the surrounding area is experiencing significant growth, with nearby developments including an EV battery plant, a 400-unit mixed-use development, and a 161-unit loft complex, indicating a vibrant and expanding neighborhood. The property is currently vacant, presenting an immediate opportunity for owner-users to establish their operations in a prime Detroit location. The asking price is $500,000, translating to $196.08 per square foot. This represents a strong value proposition given the property's recent renovations, strategic location, and the potential for future appreciation in a rapidly developing area. The walkable neighborhood offers numerous restaurants and bars, adding to the overall appeal of this exceptional industrial property.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Longitude

-83.0657

Latitude

42.3719