1925 CLAY Street, Detroit, MI 48211 - MLS#20240078458

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Jay Fontaine

jay@fontainerealtyteam.com +1(734) 718-7425

$6,000,000

Est. payment - /mo

87,552 SqFt

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UPDATED:

10/25/2024 04:05 PM

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 87,552 sqft

Price per Sqft $68

Subdivision Livingstones Sub Of Pt Of 1/4 Sec No 58 59

MLS Listing ID 20240078458

Originating Board Realcomp II Ltd

Year Built 1945

Annual Tax Amount $40,156

Lot Size 6.400 Acres

Acres 6.4

Lot Dimensions 302 X 240 X 302 X 240

Property Description

This expansive 87,552 square foot warehouse and manufacturing facility is a prime industrial opportunity, located in an Opportunity Zone just half a mile from both I-75 and I-94. Nestled on nearly 6.5 acres, this two-story building is positioned in a secure neighborhood with 24-hour security and is in close proximity to major automotive facilities, including GM Poletown and FCA Jefferson Jeep Assembly. The property spans five parcels, including 1925, 1975, and 1966 Clay Street, along with 7850 Morrow Street and 7881 Saint Aubin Street. It offers a clear height of 30 feet, with four heavy-duty cranes?two 15-ton and two 30-ton cranes with a 40-foot span?making it ideal for large-scale industrial operations. The building also features three spacious drive-in doors, each 14 feet wide and 16 feet high, providing easy access for loading and unloading. In 2021, significant upgrades were made to the property, including a new roof, doors, and abatement, with a $2 million investment ensuring its modern readiness. The facility is also equipped with 4,000-amp electrical service, supporting a wide range of industrial applications. Zoned M4 for industrial use, the building is highly versatile, making it suitable for various manufacturing and warehouse needs. One of the most compelling aspects of this property is its location directly across from GM Factory Zero, GM?s first fully dedicated electric vehicle assembly plant. Following a $2.2 billion retooling, this cutting-edge facility opened in November 2021, solidifying GM?s commitment to electric vehicle production. The presence of this state-of-the-art plant enhances the value of surrounding industrial properties, making this a rare opportunity to invest in Detroit?s rapidly advancing manufacturing corridor.
This property?s strategic location, combined with its extensive features and recent upgrades, presents an exceptional investment for those looking to capitalize on Detroit?s industrial resurgence.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Commercial,Heavy Industrial

Direction East of I-75 on North side of Clay St.

Exterior

Waterfront no

Road Frontage Class A, Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal), Water at Street

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W09I003525S002

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Contract, Conventional, Warranty Deed

Listing Terms Cash, Contract, Conventional, Warranty Deed

Financing Cash,Contract,Conventional,Warranty Deed

Special Listing Condition Full Service

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Listed by Alan Davidov of KW Domain

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Jay Fontaine

+1(734) 718-7425

Broker | License ID: 370315

Broker License ID: 370315

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