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2000 Division St 32,000 SF Industrial Building Detroit, MI 48207 $2,800,000 ($87.50/SF)
Investment Highlights
- Part of a significant portfolio of Eastern Market properties, with options for individual or combined acquisition.
- Positioned in a federally designated Opportunity Zone, providing potential tax advantages for investors.
- Located within Detroit’s Eastern Market district, offering proximity to Downtown and a vibrant commercial hub.
- Two-story structure with approximately 32,000 square feet on a 1.07-acre lot, offering on-site parking.
- Open floor plan design suitable for adaptive reuse, including creative office, flex, or industrial applications.
- Recently renovated industrial building featuring new windows, roof, elevators, and modern MEP systems.
Executive Summary
This 32,000-square-foot warehouse in Eastern Market is an ideal property for an adaptive reuse conversion for creative office space or industrial/flex space. The current owner undertook an extensive renovation of the building, investing millions of dollars into facade repairs, as well as new windows, roof, elevators and MEP systems. The open floor plan offers limitless possibilities for developers or users looking to be within walking distance of Eastern Market and Downtown Detroit. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale.
Property Facts
| Price | $2,800,000 | Lot Size | 1.07 AC |
| Price Per SF | $87.50 | Rentable Building Area | 32,000 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built/Renovated | 1969/2022 |
| Property Subtype | Warehouse | Parking Ratio | 2.72/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | SD2 - Industrial Zoned District | ||
| Price | $2,800,000 |
| Price Per SF | $87.50 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.07 AC |
| Rentable Building Area | 32,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 2.72/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SD2 - Industrial Zoned District |
Amenities
- Signage
- Yard
- Reception
- Storage Space
- Air Conditioning
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,448,600 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,448,600
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2000 Division St
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