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    5935 Grand River Ave Detroit, MI 48208

    For Sale
    $200,000

    7,600 SF Warehouse, Huge Potential

    Property size:
    7,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 7,600 square foot warehouse, situated on a 0.57-acre lot in Detroit's rapidly developing NW Goldberg neighborhood, presents a unique investment opportunity. The two-story building, constructed in 1957, boasts 10-12 foot ceilings and features two loading docks. The property is zoned B4 and includes a full basement, accessible via a ramp and drive-in access. The building's unique layout offers significant creative potential for adaptive reuse. Its prime location within the vicinity of the $3 billion Henry Ford Development positions it for substantial future growth. The asking price is $200,000, translating to $26.32 per square foot. This fully occupied, single-tenant property offers a compelling combination of location, size, and potential for significant return on investment. The building's two grade-level doors (measuring 12'x10' and 10'x10') provide convenient access. This is a rare opportunity to acquire a well-located, versatile industrial property in a thriving area of Detroit.

    Property Features for 5935 Grand River Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    7,600 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    2

    HighLights

    • $200,000 asking price for this 7,600 square foot warehouse.
    • Located in Detroit, MI's NW Goldberg neighborhood, near the $3B Henry Ford Development.
    • Features 10'-12' clear ceiling height and two loading docks.
    • Situated on a 0.57‑acre lot, zoned B4.
    • This unique two‑story building includes a full basement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1018017
    Latitude
    42.3533452

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    FAQs

    What type of property is this?
    Distribution property - 7,600 SF Warehouse, Huge Potential
    Where is this distribution property located?
    The property is located at 5935 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 asking price for this 7,600 square foot warehouse.; Located in Detroit, MI's NW Goldberg neighborhood, near the $3B Henry Ford Development.; Features 10'-12' clear ceiling height and two loading docks.
    Request Owner's contact information
    5935 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
    5935 Grand River Ave Detroit, MI 48208
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