Property profile

13132 Grand Riv Ave Detroit, MI 48227

OFF-MARKET
Other specialty properties
Property ID
US43-1195947
5,377 SF 0.12 ac lot Built 1946
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

Located in Detroit, Michigan, this commercial property includes a 5,377-square-foot building configured for multiple potential uses. The building previously functioned as an auto/collision shop, featuring four bay doors that could be made operational again, and it has also been used as a banquet hall and church; the interior is largely open with some partitioned walls that can be removed to adjust layout. Plumbing facilities include separate “his and her” bathrooms and an additional bathroom located in the laundry room. Mechanical systems include two furnaces—one gas and one electric—that are several years old, and the roof has had repairs. The sale was described as including two adjacent lots, with an excluded small lot on the Ward side of the building measuring approximately 20 feet wide by 16 feet long; it was also noted that additional nearby lots adjacent to the Jeffries Fwy and in the Ward area are owned by the Detroit Land Bank (DLBA) and may be available through separate purchase.

Property profile

Verified
Property type Other specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1946
Total area 5,377 SF
Lot 0.12 ac (5,227 SF)
Zoning code B4
APN 22008421-2
UPID US43-1195947

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service

Location

13132 Grand Riv Ave Detroit, MI 48227-3506
Detroit metro Census 535200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$295k

Owner & transaction history

since 2018
2 recorded transactions
2018
$500
2013
$500

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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