22750 Hoover RdWarren, MI 48089

For Sale
$1,290,888

23,041 SF Industrial Building, $1.3M

Overview

Added:
Dec 11, 2024
Days on market:
94
This 23,041-square-foot industrial warehouse in Warren, Michigan, presents a unique investment opportunity. Located at 22750 Hoover Rd, 48089, this single-tenant property boasts a prime location in Metro Detroit's Opportunity Zone, offering significant potential for value appreciation. Originally built in 1950 and recently renovated, the building features a new roof, fully updated masonry exterior walls, and a completely demoed and updated interior. The property includes 1 loading dock and 1 dock-high door, with ceiling heights ranging from 17 to 25 feet. The building has a 2,000-amp electrical service (with a pending power upgrade) and a 14-foot garage door and one exterior truckwell. The 0.91-acre lot provides ample space, and the building benefits from direct visibility and signage on Hoover Road. Importantly, this property is a municipal-approved medical and adult-use cannabis grow and processing facility, complete with four Class C grow/processing licenses, MEP drawings, and building permits, all included in the sale. Zoned Industrial M-2/M-3, this versatile space is suitable for various uses, including light industrial warehousing, heavy manufacturing, and storage, in addition to its existing cannabis cultivation capabilities. The asking price is $1,290,888 ($56.03/sq ft).

Highlights

  • Turnkey medical and adult-use cannabis grow and processing facility with four Class C licenses, including MEP drawings, building permits, and real estate.
  • Freestanding building with excellent Hoover Road visibility and signage, situated on an M-2/M-3 zoned lot (built 1950).
  • High ceilings (17'-25'), 2000-amp electrical service (upgrade pending), 14' garage door, and exterior truckwell.
  • Features a new roof and fully updated masonry exterior; interior is completely demoed and ready for build-out.
  • Excellent Metro Detroit location in an Opportunity Zone, ideal for owner-users or investors; also suitable for light industrial, heavy manufacturing, or storage.

Property Details for 22750 Hoover Rd

Property type
Other industrial properties, Distribution properties
Square Feet
23,041 SF
Year Built
1950
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.4613424
Longitude
-83.0042853
22750 Hoover Rd, Warren, Michigan

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22750 Hoover Rd
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