Property summary
This exceptional 18,875-square-foot industrial property, located at 8330 W Chicago in Detroit, Michigan, 48204, presents a unique investment opportunity. The property, a former bakery, boasts a flexible layout suitable for various uses, including distribution, warehousing, and manufacturing. The building, constructed in 1937, comprises three structures across two stories, offering a substantial 18-foot ceiling height. Loading and unloading are facilitated by five loading docks and two drive-in doors. The property features ample power (2000 amps) and sits on a 1.09-acre lot (47,575 square feet), providing extensive yard space ideal for storage or parking. The property is currently vacant and available for immediate occupancy. Classified as Class C, the building is well-maintained and strategically located near the Joe Louis Greenway. Zoned M3, this property offers significant potential for a variety of industrial businesses. The entire 18,875 square feet is available for lease. This property is also available for sale (see marketing brochure for details). The cross street is Oakman. There are no elevators on the property.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M3 · Detroit, MI-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M3 in Detroit, MI.
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