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    3530 Grand River Ave Detroit, MI 48207

    For Sale
    $550,000

    Detroit Woodbridge: Prime Redevelopment Opportunity

    Property size:
    7,689 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional mixed-use property, located at 3530, 3520, 3508, and 3448 W Grand River in Detroit, Michigan's historic Woodbridge neighborhood, presents a compelling redevelopment opportunity. The 7,689-square-foot building, constructed in 1922, sits on a 0.33-acre lot and boasts a striking white brick facade and features the iconic "Welcome to Woodbridge" giraffe mural. Currently vacant, this three-story building is zoned B4, offering flexibility for a variety of uses. Its prime location at the highly visible corner of Grand River and Trumbull provides excellent visibility and accessibility. The property benefits from its proximity to the new Scripps District development, including 65 newly constructed townhomes, and is directly across from the recently renovated Scripps Park. The surrounding Woodbridge neighborhood is known for its charming Victorian architecture, mature trees, and strong residential community, all while being conveniently located near Detroit's central business and cultural districts. Ample site parking is available, and the sizable lot allows for potential future expansion or development. This is a rare chance to acquire a landmark property in a thriving Detroit neighborhood. The asking price is $550,000.

    Property Features for 3530 Grand River Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,689 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1922
    Buildings
    1
    Stories
    3

    HighLights

    • 7,689 SF mixed‑use redevelopment opportunity.
    • One block from a new 65‑unit townhome development in the Scripps District.
    • Across from the renovated Scripps Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barnabas Project Youth Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.025396
    Latitude
    42.3488239

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    FAQs

    What type of property is this?
    Mixed-use property - Detroit Woodbridge: Prime Redevelopment Opportunity
    Where is this mixed-use property located?
    The property is located at 3530 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 7,689 SF mixed-use redevelopment opportunity.; One block from a new 65-unit townhome development in the Scripps District.; Across from the renovated Scripps Park.
    (313) 704-2678
    Request Owner's contact information
    3530 Grand River Ave Detroit, MI 48207
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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
    3530 Grand River Ave Detroit, MI 48207
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