20950 Grand River Ave Detroit, MI 48219
- Retail space
- 2,000 SF
- 0.08 lot acres
Current Use by Public Records
- Retail space
Property Details for 20950 Grand River Ave
- Year built
- 1955
- Lot size
- 0.08 lot acres
- Property size
- 2,000 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 22007873-4
- APU
- 220078734
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2484
- Latitude
- 42.4131
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
