20550 Hoover St Detroit, MI 48205

This exceptional 27,500-square-foot industrial warehouse, located at 20550 Hoover St in Detroit, Michigan, presents a compelling investment opportunity. Priced at $1,100,000 ($40/sq ft), this single-tenant property sits on a 1.01-acre lot within the M-3 General Industrial District of Wayne County, zip code 48205. The building boasts a versatile design, featuring two 12'x16' grade-level loading docks and impressive ceiling heights ranging from 13' to 24'. Crucially, this property has received municipal approval as a Medical Green Zone Cannabis site, permitting both cultivation and processing activities. The City of Detroit has granted all necessary land use and zoning approvals for these operations, opening the door to a wide range of licensing possibilities, subject to the successful completion of the application process. This unique combination of industrial space and cannabis cultivation potential makes this property a rare and highly attractive investment in a rapidly evolving market. The property's strategic location in Detroit offers excellent access to major transportation routes and a growing workforce. This is a turnkey opportunity for an investor seeking a high-return asset with significant future growth potential.