Catylist ID:
#30826292
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. |
Attachments & Media
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Macomb |
| Submarket/Township: | Macomb West |
| Tax ID/APN: | 12-13-35-378-005 |
| Zoning: | M-2 INDUSTRIAL |
| 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 |
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 |
Contact
Corbin YaldooC3 CRECPIX Member |
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