Entity Owned Property summary
This exceptional 62,799-square-foot industrial property in Detroit, Michigan, presents a significant opportunity. Located at 20580 Hoover St, this single-tenant building boasts a prime location with excellent visibility and access from 8 Mile and Groesbeck Highway. The property features a 24-32 foot clear ceiling height, perfect for various industrial uses. The building includes two dock-high doors and two drive-in doors, one of which provides direct access from Groesbeck Highway, enhancing… operational efficiency. Ample parking is available with 51 spaces. The building, constructed in 1962, sits on 2.3 acres of land and is zoned M3, allowing for a wide range of industrial applications. The property also benefits from 480-volt power and six overhead cranes with a 24'6" hook height and 8" concrete depth. This versatile space is ideal for manufacturing, flex, warehouse, or distribution needs. Importantly, the property is green-zoned for cannabis cultivation (Class C license), processing, and retail, opening up additional possibilities for prospective tenants. Wayne County location offers easy access to major transportation routes. This is a rare opportunity to secure a substantial industrial space in a highly desirable Detroit location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar in This City for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 62,889 SF
- Lot area
- 2.3 ac
- Year built
- 1962
- Stories
- 1
- APN
- 21036382.
- Zoning
- M3
- Assessed value · 2024
- $640,200
- Annual tax · 2023
- $57,320
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The M3 general industrial district supports industrial operations while regulating congestion and protecting nearby residential areas, prohibiting new residential construction except for loft conversions or residential u…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Full Property Data
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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