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Property profile

20530 Hoover St Detroit, MI 48205

OFF-MARKET
Manufacturing properties
Property ID
US43-0371902
34,553 SF 1.5 ac lot Built 1955
Last sale Feb 2021 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 40,300 square foot industrial/manufacturing building located in Detroit, Michigan at the intersection of 8 Mile and Groesbeck Highway. It is equipped for industrial use with electrical infrastructure including 480-volt power panels rated at 3,000 amps and 2,100 KVA, along with a fire suppression system. The building has undergone mechanical, plumbing, and electrical upgrades and includes a roof replacement installed in 2023 with a 20-year warranty. Interior improvements…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value · 2024$258k
Effective rate8.92%

Value estimate

· Nov 2026
$610k
$549k – $671k
Submarket $/SF estimate$722k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$20 – $68
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M3
The M3 general industrial district supports industrial operations while regulating congestion and protecting nearby residential areas, pr...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency45.8
Restaurant37.9
Law Firm32.7

Location

20530 Hoover St Detroit, MI 48205-1064
County assessor Recorded deeds · 7 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12541 Mcnichols, Detroit, MI 48205-3305 $16,007 Oct 2023 5,488 SF
12738 8th Mile, Detroit, MI 48205-1013 $250,000 Sep 2021 2,257 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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