22750 Hoover Rd, Warren, MI 48089-2569

This 23,041-square-foot industrial warehouse in Warren, Michigan, presents a unique investment opportunity. Located at 22750 Hoover Rd, 48089, this single-tenant property boasts a prime location in Metro Detroit's Opportunity Zone, offering significant potential for value appreciation. Originally built in 1950 and recently renovated, the building features a new roof, fully updated masonry exterior walls, and a completely demoed and updated interior. The property includes 1 loading dock and 1 dock-high door, with ceiling heights ranging from 17 to 25 feet. The building has a 2,000-amp electrical service (with a pending power upgrade) and a 14-foot garage door and one exterior truckwell. The 0.91-acre lot provides ample space, and the building benefits from direct visibility and signage on Hoover Road. Importantly, this property is a municipal-approved medical and adult-use cannabis grow and processing facility, complete with four Class C grow/processing licenses, MEP drawings, and building permits, all included in the sale. Zoned Industrial M-2/M-3, this versatile space is suitable for various uses, including light industrial warehousing, heavy manufacturing, and storage, in addition to its existing cannabis cultivation capabilities. The asking price is $1,290,888 ($56.03/sq ft).