3100 Hubbard StDetroit, MI 48210

Property Details for 3100 Hubbard St

Year built

1945

Lot size

0.63 AC

Property size (Sq ft)

18,350 SF

Zone code

M4

Property type

Warehouses

APN

14009369.

APU

14009369

Description

This exceptional redevelopment opportunity presents a prime 18,350-square-foot industrial property situated on a 0.638-acre lot in Detroit, Michigan. Located at 3100 Hubbard Street, this Class C building boasts a strategic location near the revitalized Michigan Central Station and the US-12 Detroit Mobility & Innovation Corridor, offering significant potential for future growth and development. The property, built in 1896, features a two-story structure with a permitted M4 zoning designation. The asking price is $980,000, translating to $53.41 per square foot. The entire 18,350 square feet is net rentable, providing ample space for a variety of uses, including distribution, research and development, or warehouse operations. The property's location within the burgeoning Detroit Mobility & Innovation Corridor presents a unique opportunity for investors seeking to capitalize on the city's ongoing revitalization efforts. The property's existing structure, while older, offers a solid foundation for a comprehensive redevelopment project, allowing for the creation of a modern and efficient industrial space. The Wayne County location and the 14009369 APN number provide easy identification and access to relevant property records. This is an ideal investment for those seeking a high-potential redevelopment project in a rapidly developing area of Detroit.

• CAP approach

  CAP return

  Valuation

  6%

  $8,219,740

  6.5%

  $7,587,460

  7%

  $7,045,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,746,330

  Geo Method

  $2,746,330

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,916,770

  Mixed-Use / Specialty

  $3,923,260

  Hospitality / Lodging

  $2,905,000

  Office

  $3,921,260

  Institutional / Educational

  $4,085,920

  Residential Income

  $4,780,530

  Multifamily

  $5,620,100

  Automotive / Energy

  $3,502,220

  Parking / Income-Based Land

  $1,188,360

  Restaurant / Food Service

  $2,084,180

  Healthcare / Senior Housing

  $4,002,250

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3307

Longitude

-83.0979

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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