For Sale
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Property summary
This exceptional 38,568-square-foot warehouse, located at 139 S Summit St, Detroit, MI 48209, presents a unique investment opportunity. Built in 1912, this two-story structure sits on a 1.114-acre lot and boasts heavy power, a significant advantage for various industrial uses. Its strategic location offers easy access to all major freeways, placing it ideally between the Ambassador and Gordy Howe Bridges, and in close proximity to Corktown and Downtown Detroit. The property benefits from flexible M4 zoning, which is notably cannabis-friendly, opening doors to a wider range of potential tenants. Security features include a fenced and secured lot, secured parking, and security cameras, providing peace of mind for both owners and occupants. The building's substantial size and versatile zoning, combined with its prime location and enhanced security, make this a highly desirable property for a variety of industrial businesses. Wayne County location.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ff. 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Detroit market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIff. 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ff. 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M4 in Detroit, MI.
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Find the owner behind the property.
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