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    13900 Meyers Rd Detroit, MI 48227

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    For Sale
    $130,000

    3,887 SF turn-key party store in a populated Detroit neighborhood.

    Property size:
    3,887 SF
    Lot size:
    0.09 Acres

    Property Features for 13900 Meyers Rd

    General Information

    Size
    3,887 SF
    Lot size
    0.09 Acres

    Source: First Commercial Realty & Development Inc. Agent Jordan Banks

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

    Overview

    Turn-Key Party Store Opportunity

    This is a turn-key party store located in a densely populated Detroit neighborhood. The 3,887 square-foot building features a walk-in storage cooler and an oversized delivery door. Store inventory is available for purchase, with the price to be determined. The owner is willing to include the transfer of the liquor license for an additional $75,000. The property benefits from high visibility, with 12,771 vehicles per day on Meyers Road and 5,810 vehicles per day on Schoolcraft Street. Two DDOT bus stops are located at the Schoolcraft & Meyers intersection. The surrounding area is densely populated, with over 14,000 people residing within a 1-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Penny's Cheesecakes Bakery Closing-Liquor Store Liquor Store

    Suggested Use

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

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

    Similar Places Nearby

    Stop & Go Deli, Imperial Fresh Market

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1684001
    Latitude
    42.3883937

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    FAQs

    What type of property is this?
    Grocery and convenience store - 3,887 SF turn-key party store in a populated Detroit neighborhood.
    Where is this grocery and convenience store located?
    The property is located at 13900 Meyers Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Turn-Key Party store in densely populated neighborhood.; - High traffic volume: 12,771 vehicles per day on Meyers Rd.; - Over 14,000 people within a 1-mile radius.
    (248) 417-7936
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    Detroit, MI 48227
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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
    13900 Meyers Rd Detroit, MI 48227
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