20263 Hoover St Detroit, MI 48205-1033
Property profile & analytics
20263 Hoover St Detroit, MI 48205-1033
- Warehouses
- 57,932 SF
- 5.07 lot acres
Property ID
US43-5210227
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 20263 Hoover St
- Year built
- 1953
- Lot size
- 5.07 lot acres
- Property size
- 57,932 SF
- Property type
- Warehouses
- APN
- 17013847.
- APU
- 17013847
Description
This exceptional 69,022-square-foot industrial property, located at 20263 Hoover Street in Detroit, Michigan, presents a compelling investment opportunity. The single-story building, constructed in 1953 and extensively renovated in 2019, sits on a 5.07-acre lot (APN 17013847) and boasts a desirable industrial zoning designation. The warehouse features 18-foot ceiling heights, four grade-level dock-high doors, and four 5-ton cranes, making it ideal for various industrial uses. Currently, two-thirds of the space is leased to a machinery storage tenant. The property also includes separate grow facilities with significant expansion potential, allowing for a doubling of production capacity. Further enhancing its appeal are rail access, heavy power, and a large fenced and paved parking area. The asking price is $5,050,000, translating to $73.17 per square foot. This property offers a unique blend of existing income and significant upside potential for future growth. The property's strategic location in Wayne County, with easy access to transportation infrastructure, adds to its overall value.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,858,000
- AI Estimate
- $1,776,000
Market price range: $724k - $3.03MMarket price range: $704k - $2.95M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,865,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0064
- Latitude
- 42.446
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$55,291
$0.00
$0.00
$607,100
-
$0.00
$0.00
$1,214,200
