1130 Grand Blvd Detroit, MI 48208-2311
This exceptional 54,448-square-foot vacant industrial building presents a unique investment opportunity in Detroit, Michigan. Situated on a 1.02-acre lot at 1130 W Grand Blvd, this property boasts a prime location near the thriving Corktown and Downtown Detroit areas, offering excellent access to retail amenities and major freeways. The building, constructed in 1945, features two stories and is zoned M3 - Manufacturing, providing versatility for a wide range of business uses. Importantly, this property is fully approved for cannabis cultivation, presenting a significant advantage in the burgeoning cannabis industry. The asking price is $395,000, representing an attractive price per square foot. City water and sewer are available. This single-building property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. The property's history and strategic location make it an ideal investment for entrepreneurs and businesses seeking a foothold in a rapidly developing urban core. The Wayne County Assessor's Parcel Number (APN) is K1-007916. This is a rare opportunity to acquire a substantial industrial property in a high-growth area of Detroit.
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Call Dumpster Rental Detroit Agency Car Dealership Trucking Company
-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4) M4 Intensive Industrial District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M3 · Detroit, MI-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4) M4 Intensive Industrial District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special distric
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.