GREEN ZONE to GROW | 235 Burke St
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GREEN ZONE to GROW 235 Burke St
4,700 SF Office Building River Rouge, MI 48218 $525,000 ($112/SF)
Investment Highlights
- Historical freestanding building available for sale, just off of Jefferson Avenue, with an average daily traffic count of 4,562+ vehicles per day
- Strong synergy in the immediate marketplace surrounded by a dense residential population and several national tenants.
- Great opportunity for cannabis Processing/Cultivation, neighborhood service retailers, medical/office users, and multi-family developers.
- Located in the heart of River Rouge, the building was constructed in 1965 and features a fenced parking lot. There is an opportunity to purchase the a
- Zoning is NMU (Neighborhood Mixed Use) and sits in a Green Overlay District. Possible uses include cannabis, retail, office, and multi-family.
Executive Summary
Historical freestanding building available for sale, just off of Jefferson Avenue, with an average daily traf?c count of 4,562+ vehicles per day.
Located in the heart of River Rouge, the building was constructed in 1965 and features a fenced parking lot. There is an opportunity to purchase the adjacent land for additional parking if desired by a high parking-intensive user.
Strong synergy in the immediate marketplace, surrounded by a dense residential population and several national tenants.
Zoning is NMU (Neighborhood Mixed Use) and sits in a Green Overlay District. Possible uses include cannabis, retail, of?ce, and multi-family.
Great opportunity for cannabis Processing/Cultivation, neighborhood service retailers, medical/of?ce users, and multi-family developers
Located in the heart of River Rouge, the building was constructed in 1965 and features a fenced parking lot. There is an opportunity to purchase the adjacent land for additional parking if desired by a high parking-intensive user.
Strong synergy in the immediate marketplace, surrounded by a dense residential population and several national tenants.
Zoning is NMU (Neighborhood Mixed Use) and sits in a Green Overlay District. Possible uses include cannabis, retail, of?ce, and multi-family.
Great opportunity for cannabis Processing/Cultivation, neighborhood service retailers, medical/of?ce users, and multi-family developers
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Building Size
4,700 SF
Building Class
C
Year Built
1965
Price
$525,000
Price Per SF
$112
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,205 SF
Building FAR
0.28
Lot Size
0.38 AC
Zoning
green zone - Green Zone
Parking
22 Spaces (4.68 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 50-005-02-0128-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $116,400 |
PROPERTY TAXES
Parcel Number
50-005-02-0128-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$116,400
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GREEN ZONE to GROW | 235 Burke St
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