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    18908-10 Grand River Ave Detroit, MI 48223

    For Sale
    $299,900

    Two buildings with ample parking in excellent location.

    Lot size:
    0.09 Acres

    Property Features for 18908-10 Grand River Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1955

    Source: Real Estate Management Specialists Inc Agent Robert LaBute

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

    Overview

    Rosedale Park Opportunity

    Located in the Rosedale Park area, this property features two separate buildings totaling 2416 square feet. The site includes six attached vacant lots that are blacktopped, providing 160 feet of road frontage. Each building requires remodeling, but electrical, GFA, and rooftop A/C units are already in place. A Phase 1 clearance was completed in 2018. Zoning and architectural departments of the City of Detroit have approved an application for a sit-down restaurant lounge. The property offers ample parking and the seller will consider land contract terms.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant 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

    Little Icy's Luncheonette, THE GRUBBANK, VJ Enterprises LLC dba Sweet Potato Delights

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2267543
    Latitude
    42.4044353

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    FAQs

    What type of property is this?
    Restaurant - Two buildings with ample parking in excellent location.
    Where is this restaurant located?
    The property is located at 18908-10 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Approved zoning and architectural plans for a sit-down restaurant lounge.; - **Six attached vacant, blacktopped lots totaling 160ft of road frontage.**; - Two separate buildings totaling 2416 sq. ft.
    (313) 533-6300
    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
    18908-10 Grand River Ave Detroit, MI 48223
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