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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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