13560 Auburn StDetroit, MI 48223

This 3,500 sq ft warehouse in Detroit, MI, presents a unique investment opportunity for cannabis entrepreneurs. Built in 1951 and renovated in 2019, this single-story, Class B industrial property boasts a 10.67% cap rate and a strong NOI of $48,000. Currently 100% occupied with a month-to-month lease generating $4,000 in gross monthly rental income, the property offers flexibility for new owners. The light manufacturing zoning is fully permitted for cannabis cultivation. Features include a 12 ft. ceiling height and one loading dock. Situated on a 0.1-acre lot (APN 22092433), this turnkey operation is priced at $450,000 ($128.57/sq ft). The current tenant may be willing to negotiate a longer-term lease. This is a single-unit property with a gross lease in place. No tenant credit rating is available. This property is a sister property to a nearby listing, offering potential for synergistic investment. The property's updated infrastructure supports immediate operational needs. This is a rare chance to acquire a fully approved cannabis-ready property with flexible income options.