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*

^$ 19,395

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Commercial Property for sale in Detroit, MI

for $3,150,000. This 40,300 square foot building was built 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.

Commercial Active

Price

^$ 3,150,000

Property Type

Commercial

Taxes

^$ 9,931

Style

Commercial/Industrial

Lot Size

1.5

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60309339

Features

General

Heating Forced Air

Possession At Close

Roof Rubber

Water Public Water

Status Active Active

Year Built 19

Subdivision MORE THAN ONE SUBDIVISION INVOLVED MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Industrial

Sale/Rent For Sale

Status Detail 0

Commercial Features 880 Volt Power Loading Dock(s) Overhead Doors

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://youtu.be/LpqwJ7Gjjr4

Directions South of 8 Mile Road West of Groesbeck Hwy

City Detroit

Financial Terms Cash

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 41

DOM 605

Postal Code 48205

Price Per Sq Ft Total AG 78.16

Public Remarks Prime location on 8 Mile and Groesbeck Highway! Pristine building perfect for any Industrial and/or Manufacturing users.This building spans 40

Exterior

Frontage 269

Lot Size Area 1.5

Lot Dimensions 269 x 214 x 232 x 350

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Actavia Kattula

Listing Agent

Odessa Properties

Broker

actaviak@yahoo.com

Affordability Calculator

$20,223

Per Month

Monthly Principal & Interest: $19,395
Monthly Property Taxes: $828
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$456,103

Percent of Sale Price 86%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/5/2024	$3,150,000	-3.08%	Price Down
5/20/2024	$3,250,000		Listed Price

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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. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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20530 HOOVER Street

Commercial Property for sale in Detroit, MI

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