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    14253 Greenfield Rd Detroit, MI 48227

    For Sale
    $299,000

    Prime Detroit Location, Restaurant Ready

    Property size:
    997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 14253 Greenfield Road in Detroit, Michigan, 48227, presents a unique investment opportunity. The 997 square foot freestanding building sits on a high-traffic corner adjacent to a thriving shopping mall, ensuring maximum visibility and accessibility for any business. The property includes ample parking, a significant advantage for attracting customers. The existing restaurant equipment is a key feature, making it an ideal turnkey solution for food service businesses. This strategic location in Wayne County offers immense potential for growth and profitability. The asking price is $299,000. The property is classified as special purpose land and is zoned for commercial use. Its prime location and existing infrastructure make it an attractive proposition for investors seeking a high-return investment or entrepreneurs looking to establish a successful business in a bustling commercial area. The property's convenient access and high visibility make it an ideal location for a variety of commercial ventures. The inclusion of all restaurant equipment represents a significant cost saving for prospective buyers. This is a rare opportunity to acquire a well-situated commercial property in a thriving Detroit neighborhood.

    Property Features for 14253 Greenfield Rd

    General Information

    Property type
    Land
    Square Feet
    997 SF

    HighLights

    • $299,000 asking price.
    • 997 square foot lot.
    • Special purpose commercial land in Detroit, MI.
    • Located at 14253 Greenfield Road, Detroit, MI 48227.
    • High‑traffic corner location near a shopping mall.
    • Includes all restaurant equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Detroit Let's Eat Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1986062
    Latitude
    42.3916229

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    FAQs

    What type of property is this?
    Land - Prime Detroit Location, Restaurant Ready
    Where is this land located?
    The property is located at 14253 Greenfield Rd 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: $299,000 asking price.; 997 square foot lot.; Special purpose commercial land in Detroit, MI.
    Request Owner's contact information
    14253 Greenfield Rd Detroit, MI 48227
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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
    14253 Greenfield Rd Detroit, MI 48227
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