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    OFF-MARKET
    Warehouses

    17236 Mt Elliott St, Detroit, MI 48212-1361

    5,960 SF 0.13 ac lot Built 1984
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-2547605
    Property summary
    AI-generated overview

    This 17,000 square foot industrial warehouse, built in 1984, is available for sale and lease. Located in Detroit, Michigan, this single-tenant property boasts a prime location, centrally situated between major freeways I-94, I-75, M-53 (Van Dyke Avenue), and M-102 (8 Mile Road). The building is currently in shell condition and zoned M4-Industrial, offering significant potential for various uses. Features include two overhead doors, three heavy-duty cranes, and a robust 1200-amp electrical service. Ceiling heights range from 12 to 24 feet, providing flexibility for diverse operational needs. Importantly, this property is situated in a designated "Green Zone," making it ideally suited for cannabis cultivation and processing businesses, in addition to general industrial or storage uses. Seller financing is available, presenting a compelling opportunity for qualified buyers. This is a rare chance to acquire a well-located, adaptable industrial space with significant upside potential.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1984
    Total area 5,960 SF
    Lot 0.13 ac (5,663 SF)
    Zoning code M4
    APN 15014266.
    UPID US43-2547605
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    MOUNT ELLIOT ENTERPRISE LLC
    MOUNT ELLIOT ENTERPRISE LLC
    Zoning & alternative use
    M4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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