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    FOR SALE
    Manufacturing properties

    20550 Hoover St, Detroit, MI 48205

    27,611 SF 1 ac lot Built 1946
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US43-0988681
    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, allowing for a wide range of permitted uses within Wayne County. The entire 27,500 square feet is currently vacant, presenting a unique opportunity for a business seeking a substantial and adaptable space. The address is 20550 Hoover St, Detroit, MI 48205. This location offers convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The property's size, features, and zoning make it a highly desirable asset for industrial tenants seeking a prominent presence in the Detroit market. Interested parties are encouraged to inquire for further details and leasing information.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1946
    Total area 27,611 SF
    Lot 1 ac (43,560 SF)
    Zoning code M3
    APN 21036381.
    UPID US43-0988681
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $675k
    Blend (final) Blend
    $640k
    Owner & transaction history
    Hry Hotel & Hospitality Liquidation · 2 yrs held
    Hry Hotel & Hospitality Liquidation
    since 2023
    4 recorded transactions
    2023
    2019
    $749,000
    2019
    $199,000
    2015
    Zoning & alternative use
    M3 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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