Property profile

14253 Greenfield Rd Detroit, MI 48227

OFF-MARKET
Drive through restaurants
Property ID
US43-1330232
997 SF 0.11 ac lot Built 1957
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 14253 Greenfield Road in Detroit, Michigan, 48227, presents a unique investment opportunity. The 997 square foot freestanding building sits on a high-traffic corner adjacent to a thriving shopping mall, ensuring maximum visibility and accessibility for any business. The property includes ample parking, a significant advantage for attracting customers. The existing restaurant equipment is a key feature, making it an ideal turnkey solution for food service businesses. This strategic location in Wayne County offers immense potential for growth and profitability. The asking price is $299,000. The property is classified as special purpose land and is zoned for commercial use. Its prime location and existing infrastructure make it an attractive proposition for investors seeking a high-return investment or entrepreneurs looking to establish a successful business in a bustling commercial area. The property's convenient access and high visibility make it an ideal location for a variety of commercial ventures. The inclusion of all restaurant equipment represents a significant cost saving for prospective buyers. This is a rare opportunity to acquire a well-situated commercial property in a thriving Detroit neighborhood.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1957
Total area 997 SF
Lot 0.11 ac (4,792 SF)
Zoning code B4
APN 22050889.
UPID US43-1330232

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
  • Restaurant Take-out & Catering

Location

14253 Greenfield Rd Detroit, MI 48227-2105
Detroit metro Census 542400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2024
Last sale
$75,000
3 recorded transactions
2024
$75,000
2016
Price N/A
2015
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14253 Greenfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message