Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M4 in Detroit, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.