3100 Hubbard St Detroit, MI 48210-3236
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.
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIff. 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. 50-7-5. - Special districts. Special districts and overlay areas within the City
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.