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    20950 Grand River Ave Detroit, MI 48219

    For Sale
    $95,000

    Detroit Retail Space - $95,000

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2,000 square foot storefront, located at 20950 W Grand River Ave in Detroit, Michigan, presents a compelling investment opportunity. Situated in a vibrant, walkable community, this property boasts a prime location with close proximity to several national retailers, including a significant 200,000 square foot Meijer Super Store within walking distance. The building sits on a 3,330 square foot lot and is zoned B4 General Business District, offering flexibility for a variety of commercial uses. On-site parking accommodates 4-5 vehicles, providing convenient access for customers and employees. The property's unique design and high-traffic location make it ideal for a single retail user or potentially divisible for two separate businesses. This is a rare chance to acquire a well-positioned retail space in a thriving Detroit neighborhood. The asking price is $95,000. This presents a strong return on investment potential given the location and the potential for multiple tenants. Don't miss this chance to own a piece of Detroit's growing commercial landscape.

    Property Features for 20950 Grand River Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,000 SF

    HighLights

    • $95,000 asking price for this 2,000 square foot retail storefront.
    • Located in Detroit, MI, at 20950 W Grand River Ave, in the B4 General Business District.
    • 3,330 square foot lot with on‑site parking for 4‑5 cars.
    • Close proximity to major national retailers and a large Meijer superstore.
    • Situated in a walkable community, ideal for various commercial uses, potentially accommodating two retail tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.248554011676
    Latitude
    42.412885014682

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    FAQs

    What type of property is this?
    Individual retail property - Detroit Retail Space - $95,000
    Where is this individual retail property located?
    The property is located at 20950 Grand River Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price for this 2,000 square foot retail storefront.; Located in Detroit, MI, at 20950 W Grand River Ave, in the B4 General Business District.; 3,330 square foot lot with on-site parking for 4-5 cars.
    Request Owner's contact information
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    Detroit, MI 48219
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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
    20950 Grand River Ave Detroit, MI 48219
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