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    5760 Grand River Ave Detroit, MI 48208

    Sponsored
    For Sale
    $350,000

    Detroit Retail Building - 7,700 SF

    Property size:
    7,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Detroit retail property, located at 5760 Grand River Ave, presents a unique investment opportunity. The building, constructed in 1925 and renovated in 1940, boasts 7,700 square feet of space on a 0.3-acre lot. Its zoning is designated B-4, allowing for a variety of commercial uses. The single-story structure features a 21-foot ceiling height and one overhead door, ideal for loading and unloading. Previously used as a supermarket, this property offers significant potential for redevelopment or continued use as a retail space. The asking price is $350,000, translating to $45.45 per square foot. The property's location in Detroit, Michigan (zip code 48208), within Wayne County, provides excellent access to major transportation routes and a thriving community. The ample square footage and convenient features make this a highly attractive option for entrepreneurs and investors seeking a well-situated commercial space with significant upside potential. The paved lot provides ample parking and maneuvering space. This is a rare opportunity to acquire a substantial retail space in a prime Detroit location.

    Property Features for 5760 Grand River Ave

    General Information

    Property type
    Retail properties
    Square Feet
    7,700 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built/Renovated
    1925/1940
    Buildings
    1
    Stories
    1

    HighLights

    • Sale Price: $350,000 ($45.45/sqft)
    • 7,700 square feet available
    • 21‑foot ceiling height
    • Paved lot
    • Former supermarket
    • One overhead door
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.09995
    Latitude
    42.353351

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    FAQs

    What type of property is this?
    Retail property - Detroit Retail Building - 7,700 SF
    Where is this retail property located?
    The property is located at 5760 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Sale Price: $350,000 ($45.45/sqft); 7,700 square feet available; 21-foot ceiling height
    (248) 359-0615
    Request Owner's contact information
    5760 Grand River Ave Detroit, MI 48208
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    Detroit, MI 48208
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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
    5760 Grand River Ave Detroit, MI 48208
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