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Property profile

6400 Nevada St Detroit, MI 48234

OFF-MARKET
Warehouses
Property ID
US43-0967888
View Sample
14,988 SF 1.07 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 14,988-square-foot industrial warehouse, located at 6400 E Nevada St, Detroit, MI 48234, presents a compelling investment opportunity. Priced at $500,000 ($33.36/SF), this vacant property boasts a prime location in Wayne County, offering easy access to major thoroughfares including the Davison Freeway, M-53, and I-75. Built in 1963 and extensively renovated between 2022 and 2023, the property features a newly updated roof, electrical system, bay doors, firewalls, rooftop HVAC, and sewer drains. All building materials are included in the sale. The single building sits on a 1.07-acre lot and is zoned M4 Intensive Industrial, allowing for a wide range of uses, including marijuana businesses. The property includes two loading docks and two dock-high doors, providing efficient loading and unloading capabilities. This meticulously maintained warehouse is ready for immediate occupancy and presents a rare opportunity to acquire a well-located, versatile industrial space in a thriving Detroit market. The property's recent renovations ensure modern functionality and efficiency, minimizing future capital expenditures. Its strategic location and flexible zoning make it an ideal choice for a variety of industrial and manufacturing operations.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1963
Total area 14,988 SF
Lot 1.07 ac (46,609 SF)
Zoning code M4
APN 15004373.001
UPID US43-0967888

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$606k
Blend (final) Blend
$375k

Owner & transaction history

since 2025
6 recorded transactions
2025
$420,000
2019
$350,000
2015
$10,000
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M4 · Detroit, MI
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)…

General category INDUSTRIAL
Top alternative use upside
Medical building $945,000 +95.6%
Office building $925,000 +91.4%
Retail stores $915,000 +89.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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