20263 Hoover St Detroit, MI 48205

This exceptional 69,022-square-foot industrial property, located at 20263 Hoover Street in Detroit, Michigan, presents a compelling investment opportunity. The single-story building, constructed in 1953 and extensively renovated in 2019, sits on a 5.07-acre lot (APN 17013847) and boasts a desirable industrial zoning designation. The warehouse features 18-foot ceiling heights, four grade-level dock-high doors, and four 5-ton cranes, making it ideal for various industrial uses. Currently, two-thirds of the space is leased to a machinery storage tenant. The property also includes separate grow facilities with significant expansion potential, allowing for a doubling of production capacity. Further enhancing its appeal are rail access, heavy power, and a large fenced and paved parking area. The asking price is $5,050,000, translating to $73.17 per square foot. This property offers a unique blend of existing income and significant upside potential for future growth. The property's strategic location in Wayne County, with easy access to transportation infrastructure, adds to its overall value.