20580 Hoover St Detroit, MI 48205

This exceptional 62,799-square-foot industrial property, situated on a 2.3-acre lot in Detroit, Michigan, presents a compelling investment opportunity. The single-story, Class B building, constructed in 1962, boasts a 32-foot ceiling height and features two dock-high doors, providing ample space for efficient loading and unloading. With 51 parking spaces available, accommodating employees and visitors is convenient. The property is zoned M3 - General Industrial, offering versatility for various industrial uses. Its strategic location at the intersection of 8 Mile and Groesbeck Highway ensures high visibility and easy access to major thoroughfares, including I-75, I-696, and I-94, all within minutes. The asking price is $3,495,000, translating to $55.65 per square foot. This property is uniquely positioned for a variety of industrial uses and offers significant potential for growth and return on investment. The property is also zoned for cannabis cultivation (Class C license), processing, and retail, adding another dimension to its potential. This prime location and versatile zoning make this a truly unique opportunity in the Detroit industrial market. The property's size, features, and strategic location combine to create a compelling investment opportunity for discerning buyers.