For Sale
$2,750,000

120 Green St Detroit, MI 48209

Industrial Flex Space, 50,583 SF, Cannabis Eligible

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 50,583-square-foot industrial flex warehouse, located at 120 S Green St, Detroit, MI 48209, presents a unique investment opportunity. Built in 1930, this two-story building boasts 17-foot ceilings and features four loading docks, including two dock-high doors. The property sits on a 1.97-acre lot and is zoned M4, making it eligible for various cannabis-related businesses, including cultivation, processing, safety compliance, transport, and provisioning centers. The warehouse offers approximately 25,000 square feet on each of its two floors, plus an additional approximately 20,000 square feet of basement space. The property benefits from high power and is conveniently located near the soon-to-be-completed Gordie Howe International Bridge, a key infrastructure project expected to significantly boost the surrounding area's economic development. This location is also designated as an Opportunity Zone, offering potential tax advantages. Comprehensive due diligence has already been completed, including site plans, survey, Phase I, BEA, and GPR reports. Seller financing may be available for qualified buyers. The asking price is $2,750,000 ($54.37/sq ft). This is a rare chance to acquire a substantial, versatile property in a rapidly revitalizing Detroit neighborhood.

Highlights

  • 50,583 SF industrial flex warehouse on a 1.97-acre lot in Detroit, MI.
  • Two-story building with 17' ceilings, four loading docks (two dock-high).
  • M4 zoning allows for various cannabis-related uses.
  • Located near the Gordie Howe International Bridge and designated an Opportunity Zone.
  • $2,750,000 asking price ($54.37/SF); seller financing may be available.

Property Details for 120 Green St

Property type
Warehouses, Industrial properties
Square Feet
50,583 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
85,813 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.2997618
Longitude
-83.1118665

FAQs

What type of property is this?
Warehouse - Industrial Flex Space, 50,583 SF, Cannabis Eligible
Where is the warehouse located?
The property is located at 120 Green St Detroit, MI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 50,583 SF industrial flex warehouse on a 1.97-acre lot in Detroit, MI.; Two-story building with 17' ceilings, four loading docks (two dock-high).; M4 zoning allows for various cannabis-related uses.
How can I contact the broker?
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120 Green St
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