20530 HOOVER Street Detroit, MI $ 3,150,000
20530 HOOVER Street
$ 3,150,000
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20530 HOOVER Street

Detroit, MI, 48205
$ 3,150,000
Bedrooms-- Baths-- Sq 40,300

Monthly Estimate*

$ 19,652

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Commercial Property for sale in Detroit, MI

for $3,150,000. This 40,300 square foot building was built in 1955 on a lot size of 1.5.

Prime location on 8 Mile and Groesbeck Highway! Pristine building perfect for any Industrial and/or Manufacturing users.This building spans 40,300 SF and is an exceptional opportunity for businesses seeking a strategic location in Detroit, MI! Nothing was spared on the properties mechanical, plumbing and electrical upgrades which are all brand new including but not limited to a brand new roof (2023) with 20-year warranty, power panels with 480 Volts, 3,000 amps and 2,100 KVA, fire suppression system, plumbing, etc. Brand new office space up front with epoxy floors, kitchenette, bathrooms, and direct access to the warehouse. Property is available for Sale, for Lease and for Sale on a Land Contract. Lease MLS #20240034098. For inquiries or to schedule a tour, please contact us today.

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Commercial Active

Price

$ 3,150,000

Property Type

Commercial

Taxes

$ 9,931

Style

RealEstateOnly

Lot Size

1.5

Year Built

1955

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240029141

Features
General
Sewer PublicSewer
Heating ForcedAir
Possession AtClose
Roof Rubber
Construction Materials Block Concrete
Year Built 1955
Electric Available440V
Levels One
Property Subtype RealEstateOnly
Current Use Vacant
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MORE THAN ONE SUBDIVISION INVOLVED
Garage Y/N N
Building Features Doors1015ft LoadingDockGrade
Status Active
Directions South of 8 Mile Road West of Groesbeck Hwy
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description LightIndustry
MLS Area Area05054Det8ToGratiotHoustonTo7
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 9931.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 113779
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-05-20
Legal Description E HOOVER THAT PT OF N 1/2 OF N W 1/4 OF N W 1/4 SEC 2 T 1 S R 12 E DESC AS FOLS BEG AT A PTE IN W LINE REID HWY DIST S 29D 41M 20S W 374.39 FT FROM S LINE 8 MI RD 204 FT TH CONT ALG SD W LINE S 29D 4
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Exterior
Water Source Public
Lot Size Area 1.5
Foundation Details Poured Slab
Spa N
Building Area Total 40300.0
Lot Dimensions 269 x 214 x 232 x 350
Lot Size Acres 1.5
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 40300.0
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Internal Only
Street Number 1 20530
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* Excluded Features
List By
Actavia Kattula

Listing Agent

Odessa Properties

Broker

(586) 337-6800

Phone

Affordability Calculator

$20,479
Per Month
96%
4%
0%
Monthly Principal & Interest
$19,652
Monthly Property Taxes
$828
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/5/2024$3,150,000 -3.08% Price Down
5/20/2024$3,250,000 Listed Price

Map


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20530 HOOVER Street, Detroit, MI, 48205 is a Commercial Property for sale at $3,150,000 with 40,300 sqft and a lot size of 1.5. 20530 HOOVER Street was built in 1955. The property's zip code is 48205 which is in Detroit, MI