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Property profile & analytics
OFF-MARKET
Warehouses

3100 Hubbard St Detroit, MI 48210-3236

18,350 SF 0.63 ac lot Built 1945
Entity Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US43-5280784
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a prime 18,350-square-foot industrial property situated on a 0.638-acre lot in Detroit, Michigan. Located at 3100 Hubbard Street, this Class C building boasts a strategic location near the revitalized Michigan Central Station and the US-12 Detroit Mobility & Innovation Corridor, offering significant potential for future growth and development. The property, built in 1896, features a two-story structure with a permitted M4 zoning designation. The asking price is $980,000, translating to $53.41 per square foot. The entire 18,350 square feet is net rentable, providing ample space for a variety of uses, including distribution, research and development, or warehouse operations. The property's location within the burgeoning Detroit Mobility & Innovation Corridor presents a unique opportunity for investors seeking to capitalize on the city's ongoing revitalization efforts. The property's existing structure, while older, offers a solid foundation for a comprehensive redevelopment project, allowing for the creation of a modern and efficient industrial space. The Wayne County location and the 14009369 APN number provide easy identification and access to relevant property records. This is an ideal investment for those seeking a high-potential redevelopment project in a rapidly developing area of Detroit.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1945
Total area 18,350 SF
Lot 0.63 ac (27,443 SF)
Zoning code M4
APN 14009369.
UPID US43-5280784
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Fairmont Foundry LLC · 16 yrs held
Fairmont Foundry LLC
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
M4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4) M4 Intensive Industrial District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec…

Zone name Intensive Industrial District
General category INDUSTRIAL
Zone area 7,991.56 ac
Source code of ordinances
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