139 Summit StDetroit, MI 48209

  • Warehouses
  • 38,568 SF

Property Details for 139 Summit St

Year built
1912
Lot size
1.02 AC
Property size (Sq ft)
38,568 SF
Zone code
M4
Property type
Warehouses
APN
16009895-7
APU
160098957

Description

This exceptional 38,568-square-foot warehouse, located at 139 S Summit St, Detroit, MI 48209, presents a unique investment opportunity. Built in 1912, this two-story structure sits on a 1.114-acre lot and boasts heavy power, a significant advantage for various industrial uses. Its strategic location offers easy access to all major freeways, placing it ideally between the Ambassador and Gordy Howe Bridges, and in close proximity to Corktown and Downtown Detroit. The property benefits from flexible M4 zoning, which is notably cannabis-friendly, opening doors to a wider range of potential tenants. Security features include a fenced and secured lot, secured parking, and security cameras, providing peace of mind for both owners and occupants. The building's substantial size and versatile zoning, combined with its prime location and enhanced security, make this a highly desirable property for a variety of industrial businesses. Wayne County location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,941,776
    Hospitality
    $7,274,624
    Educational
    $6,052,402
    Medical
    $6,260,554
    Retail
    $9,414,848

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3088
Longitude
-83.092
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,150
-
-
$166,600
-
-
-
$333,200

FAQs

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