Property profile

5684 Grand Riv Ave Detroit, MI 48208

OFF-MARKET
Grocery and convenience stores
Saved · see the list in your Dashboard
Property ID
US43-0877303
1,307 SF 0.27 ac Built 1969
Last sale Jun 2024·$35,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial land parcel located at 5684 Grand River Ave in Detroit, Michigan. It is situated off Interstate 94 and within the vicinity of Downtown Detroit, the Motown Museum, Henry Ford Hospital, Corktown, Midtown, and Wayne State University. A deed restriction limits the property’s use with respect to gas station operations. The surrounding area includes established commercial destinations and institutional uses, along with nearby development activity.

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?
$3k
Tax billed · 2020
Assessed value · 2024$99k
Effective rate2.99%

Value estimate

· Nov 2026
$250k
$225k – $275k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables7

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 agency25.8
Law Firm25.1
Spa & Massage17.1

Location

5684 Grand Riv Ave Detroit, MI 48208-1546
County assessor Recorded deeds · 5 transfers 7 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
4228 Grand Riv, Detroit, MI 48208-2719 $10,200 Jun 2024 2,332 SF
2971 Warren, Detroit, MI 48208-1949 $225,000 Feb 2024 1,845 SF
6224 16th, Detroit, MI 48208-1302 $28,000 Nov 2021 1,632 SF
6571 Linwood, Detroit, MI 48208-1109 $395,000 Oct 2021 1,680 SF
3200 Warren, Detroit, MI 48208-1952 $37,000 Aug 2021 1,218 SF
6088 14th, Detroit, MI 48208-1644 $3,700 Sep 2019 2,982 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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