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    9137 Grand River Ave Detroit, MI 48204

    Sponsored
    For Sale
    $299,000

    Prime Detroit Restaurant, 1092 SF, $299K

    Property size:
    1,092 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 1,092 square foot retail space located at 9137 Grand River Avenue in Detroit, Michigan, 48204. The property, classified as Class C, is a single-story building situated on a B4 zoned lot in Wayne County. Priced at $299,000, this translates to $273.81 per square foot. Previously occupied by a Church's Chicken franchise, the building features a drive-thru, making it ideally suited for a fast-food operation or similar business requiring convenient customer access. The building's 1,092 square feet offer ample space for a variety of restaurant concepts. Its strategic location on Grand River Avenue provides excellent visibility and accessibility for potential customers. The B4 zoning allows for a range of commercial uses, offering flexibility for future development or adaptation. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for investors seeking a profitable venture in a high-traffic area of Detroit. Serious inquiries are encouraged to explore this promising investment prospect further.

    Property Features for 9137 Grand River Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,092 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 1,092 SF available for sale.
    • B4 zoning.
    • Former Church's Chicken drive‑thru; fast‑food building.
    • $299,000 sale price ($273.81/SF).
    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
    -83.1304499
    Latitude
    42.364951

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    FAQs

    What type of property is this?
    Restaurant - Prime Detroit Restaurant, 1092 SF, $299K
    Where is this restaurant located?
    The property is located at 9137 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 1,092 SF available for sale.; B4 zoning.; Former Church's Chicken drive-thru; fast-food building.
    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
    9137 Grand River Ave Detroit, MI 48204
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