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 |
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 |
|
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