Former Automotive Facility/Cannabis Green Zone Warehouse

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30826292
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
Building Size (RSF): 13,450 SF
Gross Land Area: 0.91 SF
Sale Price: $1,225,000
Unit Price: $91.08 PSF
Ceiling: 17.3 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/28/2023

Overview / Comments

Former automotive collision and body shop making it an easy conversion for other automotive users.

The property is in the Green Zone for Medical/Adult-Use Cannabis Cultivation and Processing as well.

Freestanding building with direct visibility and signage seen off the corner of 10 Mile/Groesbeck Highway, offering a great opportunity for branding exposure.

The site is zoned M-2 Industrial and was built in 1978. The building is split into two units (able to combine) 5,320 SF and 8,130 SF.

Ceiling height is 17-3’ feet clear and has 600 amps 3-phase 480 volts electrical service (power upgrade pending).

The building has 8 roll-up garage doors and the roof is in good condition that was repaired in 2021.

Great site located in the heart of Metro Detroit that sits within an Opportunity Zone, offering an owner/user or investor a value-add opportunity.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 12-13-35-378-005
Property Located Between: Schoenherr & Groesbeck Highway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,450 SF
Property Condition: Good
Year Built: 1978
Overhead Cranes: Undisclosed
Amps: 600
Zoning Description: M-2 Industrial
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,233 183,370 472,076
Median Age: 37.14 36.39 37.58
Households: 6,277 71,245 182,889


Photograph of Listing Agent

Corbin Yaldoo

CPIX Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions.