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    Property profile & analytics
    OFF-MARKET Estimated value $1,695,000
    Manufacturing properties

    20580 Hoover St, Detroit, MI 48205-1064

    62,889 SF 2.3 ac lot Built 1962
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1007459
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1962
    Total area 62,889 SF
    Lot 2.3 ac (100,188 SF)
    Zoning code M3
    APN 21036382.
    UPID US43-1007459
    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
    Current use
    Occupant on record · Public records
    • Cellular Concepts Co. (Cell Con) Industrial Manufacturer Factory
    • 3Fifteen Cannabis Dispensary 8 Mile and Hoover (Bike/Boat/Book/etc) Store
    • Us Group Inc Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.79M
    Blend (final) Blend
    $1.70M
    Owner & transaction history
    Stack Detroit & Mile LLC · 1 yrs held
    Stack Detroit & Mile LLC
    since 2025
    7 recorded transactions
    2025
    2022
    2021
    2020
    2019
    2017
    2017
    Zoning & alternative use
    M3 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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