Green Zone Opportunity

Industrial for Sale
Catylist Listing ID: 30773041
Property Subtypes: Cold Storage, Free-Standing, Manufacturing, Light Industrial, Research & Development, Warehouse/Distribution
Building Size (RSF): 18,672 SF
Gross Land Area: 0.68 Acres
Sale Price: $999,000
Unit Price: $53.50 PSF
Ceiling: 16 ft.
Docks/Doors: 1 Dock, 3 Doors
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 18,672 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/6/2022

Overview / Comments

Industrial manufacturing/ warehouse space in Northeast Detroit.
Property is in Green Zone.
Consists of 3 buildings, could be sold as 2 separate parcels. One would be 8,476 square feet office/shop for $508,000 and the other would consist of an office/ shop area of 4850 square feet and an attached pole building warehouse of 5,346 square feet square feet for $505,000 for both buildings.
Current business could be for sale for an additional amount.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City Of Detroit
Tax ID/APN: 15012107-9;15012105-6;15012103;15012104
Zoning: B-4
Property Located Between: 8 Mile road and Outer Drive
Highway Access: Property has ready access to major expressways. I75, I94,I96, M10 and M39 (Southfield Expressway) are all convenient to this location.
Airports: Detroit Metro Airport , Flint Bishop Airport and St Clair County International Airport.
Site Description: Level at normal grade. Has all utilities and storm drains. Gravel surface parking on site.
Area Description: The City of Detroit is considered the central "hub" of the Detroit Metropolitan area. The area has several businesses related to the Cannabis industry
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 18,672 SF
Property Condition: Average
Year Built: 1950
Year Renovated: 1988
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Combination of brick, concrete block and steel siding.
Parking Type: Surface
Parking Description: Gravel surface parking lot on the buildings Southwest side and additional parking in the rear.
Total Parking Spaces: 30
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 220
X-Phase: three
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Radiant
Lighting: Fluorescent
Internet Access: Cable
Interior Description: The interior is laid out with a front office area and a rear shop. The main building has two private offices and a tw0- piece lavatory and there is also a lavatory with a shower. The Northern building has several offices, lobby area, display area, conference room and 2 two-piece lavatories. There is also lunchroom and shop area.
Zoning Description: B-4 general business district. This zoning provides for business and commercial uses of a thoroughfare oriented nature. Other businesses that benefit from passing traffic are permitted.
Lot Frontage: 250
Lot Depth: 119
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Nortronic Company

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,440 169,781 491,169
Median Age: 31.72 34.24 35.34
Households: 7,236 61,031 185,545


Photograph of Listing Agent

John T Robson

Keller Williams Platinum
CPIX Member
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