20263 Hoover Street

Industrial for Sale
Catylist Listing ID: 30815657
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 69,022 SF
Gross Building Area: See Agent
Gross Land Area: 5.07 Acres
Sale Price: $5,050,000
Unit Price: $73.17 PSF
Ceiling: 18 ft.
Docks/Doors: 4 Doors
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/18/2023

Overview / Comments

Many building upgrades, along with new construction. 2/3 of the building is leased out to machinery storage with cranes. Rail access, heavy power. Separate grow facilities with extra room to double production. Large fenced, paved parking.


Finance Data Year 2022
Real Estate Taxes - Annual($) $15,490 (Annual)
Finance Data Year 2021
Real Estate Taxes - Annual($) $49,485 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 17013847.
Property Located Between: Groesbeck Highway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 69,022 SF
Year Built: 1953
Year Renovated: 2019
Parking Type: Surface
Parking Description: Fenced Yard
Amps: 2,900
Volts: 480

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,639 190,525 500,059
Median Age: 28.47 32.79 35.75
Households: 7,264 66,576 187,005


Photograph of Listing Agent

Christopher J. Monsour

Signature Associates CPIX Member
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