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Financial
Distress signals
Property profile

16625 Grand River Ave Detroit, MI 48204

FOR SALE
Office buildings
Property ID
US43-1386775
9,164 SF 0.23 ac lot Built 1939
Last sale Feb 2024 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
16625 Grand River Ave, Detroit, MI 48204 For Sale
$299,000 9,164 SF
16625 Grand River Ave, Detroit, MI 48204
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Property summary

AI-generated overview

The property is a brick office building located on Grand River Avenue, featuring street frontage and visibility along the avenue. It has approximately 9,164 square feet of building area situated on a 0.23-acre lot and is configured for office or professional use. The property is zoned for office use. Renovations were in progress at the time of description and the improvements were nearing completion, with remaining finishing work potentially required to reach the intended final condition.

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?
$100
Tax billed · 2020

Value estimate

· Oct 2026
$200k
$180k – $220k
AI approach$200k
NOI build-up
Gross scheduled income$161k
Vacancy & credit loss−$37k
Operating expenses−$31k
NOI · 31.05% cap applied$93k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$62/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$25 – $102
Qualifying comparables6

Cap rate analysis

How does the asset earn?
31.05%
$93k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm32.0
Realty agency29.6
Building Supply15.8

Location

16625 Grand River Ave Detroit, MI 48204
County assessor Recorded deeds · 2 transfers 6 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
15065 Grand Riv, Detroit, MI 48227-2547 $49,900 May 2025 4,327 SF
15780 Schaefer, Detroit, MI 48227-3342 $175,000 Jan 2025 7,989 SF
13001 Puritan, Detroit, MI 48227-4021 $35,000 Jun 2022 5,010 SF
13681 Lesure, Detroit, MI 48227-3131 $90,000 Jun 2021 4,950 SF
13864 Grand Riv, Detroit, MI 48227-3123 $125,000 Jan 2020 4,716 SF
14965 Schaefer, Detroit, MI 48227-3639 $12,000 Oct 2019 5,822 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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