Financial
Distress signals
Property profile

20550 Hoover St Detroit, MI 48205

FOR SALE
Manufacturing properties
Property ID
US43-0988681
27,611 SF 1 ac lot Built 1946
Last sale Sep 2019 · $749,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 27,500-square-foot freestanding industrial warehouse is available for lease in Detroit, Michigan. Situated on a 1.01-acre lot, this single-tenant property offers ample space for various industrial operations. The building boasts impressive ceiling heights ranging from 13 to 24 feet, providing significant vertical clearance for storage and equipment. Two loading docks ensure efficient loading and unloading of goods. The property is zoned M-3 General Industrial District,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value · 2024$242k
Effective rate11.19%

Value estimate

· Sep 2026
$640k
$576k – $704k
Sales comparison$675k

Realmo valuation models over county records and 5 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 comparables5

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

20550 Hoover St Detroit, MI 48205
County assessor Recorded deeds · 4 transfers 5 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 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
20530 Hoover, Detroit, MI 48205-1064 $550,000 Feb 2021 34,553 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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