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    8700 Military St Detroit, MI 48204-2900

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    8700 Military St Detroit, MI 48204-2900


    • Commercial real estate
    • 0.59 lot acres
    Off-Market
    Last Sale Jul 15, 2021
    $55,000
    Property ID
    US43-4488773
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    Cap Rate Potential
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    • Commercial real estate

    Property Details for 8700 Military St

    Lot size
    0.59 lot acres
    Property type
    Commercial real estate
    APN
    16016104.002
    APU
    16016104002

    Description

    This turnkey cannabis cultivation and processing facility in Detroit, Michigan, presents a unique investment opportunity. Priced at $3,500,000, the property encompasses 24,000 square feet on a 1.81-acre lot, situated at 8700 Military St, Detroit, MI 48204. The building, constructed in 1924, is zoned M4 and currently vacant. The facility includes two Class C cultivation licenses and features 22,000 square feet of operational cultivation space, plus an additional 2,000 square feet of white-box space suitable for expansion or processing (permitted under the Special Land Use). The cultivation area boasts six flower rooms equipped with forty-nine double-ended lights each, one large veg/mother/clone room with forty-nine double-ended lights, a dry room, a trim/packaging room, and an office. A fully automated GrowLink irrigation system, including nutrient dosers, dab pumps, two 2000-gallon reserve tanks, and six 500-gallon mix tanks (one per flower/veg room), ensures efficient operation. A GrowLink environmental control system with multiple sensors and water content meters maintains optimal growing conditions. The property benefits from a robust 2000 amp 277/480V electrical service with dedicated panels and surge protectors, and a state-of-the-art 37-camera security system. Its convenient location near I-96 and Downtown Detroit offers excellent access and proximity to a thriving residential community. This established operation presents a compelling opportunity for immediate revenue generation and future expansion.


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    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1372
    Latitude
    42.3581
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $8,569
    $0.00
    $0.00
    $180,900
    -
    $0.00
    $0.00
    $361,800
    More about this property
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