Industrial Warehouse - Cannabis Cultivation & Processing Facility

Industrial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30826300
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Research & Development, Self Storage, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 23,041 SF
Gross Land Area: 0.91 Acres
Sale Price: $2,075,000
Unit Price: $90.06 PSF
Ceiling: 17 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2023

Overview / Comments

Municipal Approved Medical/Adult-Use Grow and Processing Facility with 4 Class C Grow/Processing Licenses, MEP drawings/building permits and real estate included with the sale.

Freestanding building with direct visibility and signage on Hoover Road. The site was built in 1950 and zoned Industrial M-2/M-3.

Ceiling height is 17’ feet to 25’ feet clear and has 2,000 amps electrical service (power upgrade pending). It has a 14 feet garage door and one exterior truckwell.

There is a brand new roof throughout the whole building. The interior has been completely demoed and fully updated masonry throughout the exterior walls.

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.

The property is also suitable for light industrial warehouse, heavy manufacturing, and storage users.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 12-13-35-101-016
Zoning: INDUSTRIAL M-2/M-3
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 23,041 SF
Property Condition: Good
Year Built: 1950
Parking Type: Surface
Overhead Cranes: Undisclosed
Amps: 2,000
Zoning Description: Industrial M-2/M-3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,296 180,135 491,317
Median Age: 31.77 34.29 35.96
Households: 6,136 65,242 184,694


Photograph of Listing Agent

Corbin Yaldoo

CPIX Member
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