45 St Detroit, MI 48214
- Warehouses
- 25,344 SF
- 1.27 lot acres
Current Use by Public Records
- Warehouses
Property Details for 45 St
- Lot size
- 1.27 lot acres
- Property size
- 25,344 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.964
- Latitude
- 42.3577
