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    8443 Grand River Ave Detroit, MI 48204

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    For Sale
    $850,000

    13,000 SF building in Detroit's growing neighborhood.

    Property size:
    13,000 SF
    Lot size:
    0.31 Acres

    Property Features for 8443 Grand River Ave

    General Information

    Size
    13,000 SF
    Lot size
    0.31 Acres

    Source: SVN-Cohn Commercial Properties Agent Harry Cohn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Commercial Building For Sale

    This 13,000 square foot building, constructed in 1929 and renovated in 2016, is located in a rapidly growing Detroit neighborhood. The property features five versatile units suitable for restaurants, culinary concepts, or ghost kitchens. The space includes dining and lounge areas and can accommodate nightclubs, banquet halls, corporate events, and other uses. It is suitable for a variety of retail and restaurant businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Your Personal Chef, Daystar Catering

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1210197
    Latitude
    42.3611004

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    FAQs

    What type of property is this?
    Restaurant - 13,000 SF building in Detroit's growing neighborhood.
    Where is this restaurant located?
    The property is located at 8443 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Located in one of Detroit’s fastest-growing neighborhoods.; - 13,000 SF building suitable for various commercial uses.; - Features five versatile units ideal for restaurants, culinary concepts, or ghost kitchens.
    (248) 818-0010
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8443 Grand River Ave Detroit, MI 48204
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