45 St Detroit, MI 48214
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.