Property profile

9247 Grand Riv Ave Detroit, MI 48204

OFF-MARKET
Retail space
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Property ID
US43-0357424
4,968 SF 0.12 ac Built 1950
Last sale Nov 2014·$4,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This 5,002-square-foot commercial property is located in Detroit’s Grand River Corridor along Grand River Avenue, a thoroughfare with reported traffic exceeding 19,000 vehicles per day, approximately 8 minutes from Downtown Detroit and Interstate 96. The building is configured as two separable units of 2,501 square feet each, and each unit includes a 1,200-square-foot open basement. One unit was historically used as a chicken carry-out restaurant and included a drive-thru and associated…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$4k
Tax billed · 2020
Assessed value · 2024$73k
Effective rate5.45%

Value estimate

· Nov 2026
$60k
$54k – $66k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113
Qualifying comparables25

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.2
Law Firm34.5
Dental Office29.5

Location

9247 Grand Riv Ave Detroit, MI 48204-2248
County assessor Recorded deeds · 4 transfers 25 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9928 Wyoming, Detroit, MI 48204-2519 $931,000 May 2025 4,680 SF
9040 Mackinaw, Detroit, MI 48204-2370 $9,200 Aug 2024 4,968 SF
10909 Grand Riv, Detroit, MI 48204-2054 $50,000 Aug 2024 4,042 SF
8144 Grand Riv, Detroit, MI 48204-2230 $105,000 Jun 2024 5,350 SF
8528 Tireman, Detroit, MI 48204-3242 $625,000 Jan 2024 5,335 SF
8941 Wyoming, Detroit, MI 48204-2717 $215,000 Jul 2023 4,826 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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