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$ 650,000
Est. payment /mo
Active
13501 Auburn Street Detroit, MI 48223
8,576 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,576 sqft
Price per Sqft $75
MLS Listing ID 20261019131
Year Built 1964
Annual Tax Amount $19,247
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 126X265
Source Realcomp
Property Description
Prime industrial opportunity located on a well-positioned industrial corridor in Detroit. This property features three buildings totaling over 10,000 square feet of flexible space, ideal for a variety of industrial or specialized uses. Equipped with 400-amp, 3-phase electrical service, the main building offers multiple bathrooms and floor drains, ready for customization to suit your operational needs.The property is well-suited for MMFLA cultivation and/or processing licenses, presenting a strong opportunity in a growing sector. The sale includes the adjacent property at 13503 Auburn, adding further value and functionality.Currently tenant-occupied, the property generates $5,600 per month on a NNN lease, providing immediate income for investors. The lease expires in July 2027. The landlord is responsible only for taxes on 13503 Auburn, while the tenant covers taxes for 13501 Auburn, enhancing the investment appeal.Ideal for both owner-users and investors seeking a versatile, income-producing industrial asset.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Heavy Industri
Direction S of Schoolcraft/E of Evergreen
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Schools
School District Detroit
Others
Tax ID W22I092713S003L
Listed by RE/MAX Leading Edge
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