14020 GRAND RIVER AVE Detroit, MI 48227

Sold

SOLD 7/30/2021

$1,200,000

Market Estimate

20,256 sq. ft.
2.17 Acres
Commercial
MLS# 40079070

14020 GRAND RIVER AVE, Detroit, MI 48227

Listing provided courtesy of: Showcase One R E Group Inc - 5862542223

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Property Details

Description

Great opportunity to purchase a Green Zone building for the cultivation and processing of Medical Marijuana which is zoned M4. This 20k square foot building has a newer rubber roof that comes with a transferrable 10 year warranty, 18 FT ceiling height, and has been cleaned out and ready for buildout. The building sits on 2.18 acres which has plenty of space for future expansion. Floor plans available and ready to be submitted to the City for approval.

General Features
- Acreage 2.17
- Area Municipality Detroit (82001)
- County Wayne
- Originating MLS RealComp
- Ownership Private
- Subdivision MORE THAN ONE LEGAL INVOLVED
- Total SqFt Finished 20256
- Waterfront Y/N No
- Year Built 1959
- ZONING Commercial
Building Features
- Cooling System Central A/C
- Exterior Construction Concrete/Block, Stucco
- Foundation Type Slab
- Heating System Forced Air, Zoned Heating
- FUEL TYPE Natural Gas
- Roofing Asphalt
Property Features
- Water Public Water
- Lot Size 260x425x207x415
- Sewer Septic Public Sanitary

Neighborhood

48227 (Detroit) Demographics

39 Median Age

5,332 Population Density (per sq. mile)

20% College Educated

$28,769 Estimated Median Income

8,594 Estimated Total Home Owners

7,294 Estimated Total Renters

54% / 46% Estimated Owner / Renter Divide

3 Estimated Average Household Size

40,147 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$64,250 Median Sales Price

38 Homes Sold

120 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	New in Database Source: Multiple Listing Service	New Value: $0	-100%
7/30/2021 3:00:00 AM	Sold Source: Multiple Listing Service	New Value: $1,200,000

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.