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    20327 Groesbeck Hwy Detroit, MI 48205

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    For Sale
    $249,999

    Freestanding retail/industrial building on high-traffic Groesbeck Highway.

    Property size:
    1,889 SF
    Lot size:
    0.06 Acres

    Property Features for 20327 Groesbeck Hwy

    General Information

    Size
    1,889 SF
    Lot size
    0.06 Acres

    Source: C3 CRE, LLC Agent Corbin Yaldoo

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

    Overview

    Freestanding Retail/Industrial Building For Sale

    Available for sale is a freestanding retail/industrial building strategically located on Groesbeck Highway, south of 8 Mile Road. Constructed in 1990, the property is zoned M3 and features 11 parking spaces, two garage doors, and pylon signage. The building offers an open floor plan with partitioned rooms that can be reconfigured for office, retail, light industrial, or specialty use. The location benefits from high visibility, with a daily traffic count exceeding 37,940 vehicles per day. The property, with a size of 1889 square feet, is surrounded by local and national tenants, making it suitable for businesses seeking maximum exposure.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0044545
    Latitude
    42.4470257

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail/industrial building on high-traffic Groesbeck Highway.
    Where is this retail space located?
    The property is located at 20327 Groesbeck Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $249,999.
    What are key features of this property?
    This property features: - High-traffic location on Groesbeck Highway with 37,940+ vehicles per day.; - Outstanding visibility with pylon signage.; - Zoned M3, suitable for office, retail, light industrial, or specialty use.
    (248) 220-1134
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    20327 Groesbeck Hwy Detroit, MI 48205
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    Detroit, MI 48205
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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
    20327 Groesbeck Hwy Detroit, MI 48205
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