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    Manufacturing properties

    8107 Military St, Detroit, MI 48204

    6,195 SF 0.16 ac lot Built 1946
    Individually Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1345742
    Property summary
    AI-generated overview

    This 8,500 square foot industrial building, located at 8107 Military Street in Detroit, Michigan, 48204, presents a unique opportunity. Situated between Joy Road and Livernois Avenue, near Tireman Avenue, this property offers convenient access to I-94 and I-96, placing it minutes from Downtown Detroit. The one-story building, constructed in 1946 and renovated in 2018, features a mezzanine, 10-18 foot ceiling heights, and a camera system. The building includes a steel overhead door, a steel gate, a restroom, and a utility room. Ample parking is available with 25 surface spaces in a gated lot. The property boasts municipal water and sewer services. Zoned M-3 Light Industrial, this building is ideally suited for manufacturing. The property includes two electrical rooms with 2,000 amp heavy power, two transformers, and two meters. Previously used as a cannabis cultivation facility, it features three grow rooms, drying, vegetation, quarantine, and testing areas, plus a small cloning room. A recreational (adult-use) Class-C Cultivation permit allowed up to 2,000 plants, and the property is pre-approved for stacking up to ten Class-C permits. The property is municipally licensed. The 2022 Wayne County taxes were $7,165. The property is also known as 8093, 8099, and 8085 Military Street, with Parcel ID 16-0161645. A new roof was recently installed.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1946
    Total area 6,195 SF
    Lot 0.16 ac (6,970 SF)
    Zoning code M3
    APN 16016164-5
    UPID US43-1345742
    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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    Blend (final) Blend
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    Owner & transaction history
    Zachary D Cohen · 7 yrs held
    Zachary D Cohen
    since 2019
    5 recorded transactions
    2019
    2019
    $55,000
    2015
    $16,000
    2015
    2011
    $25,000
    Zoning & alternative use
    M3 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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