Property profile

15235 Grand Riv Ave Detroit, MI 48227

OFF-MARKET
Retail space
Property ID
US43-0930688
1,747 SF 0.05 ac lot Built 1935
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

A commercial mixed-use/warehouse property located in Detroit, Michigan, near the intersection of Grand River & Greenfield, within a high-traffic commercial corridor. The building is zoned for commercial mixed-use and warehouse uses and contains 1,757 square feet of interior space on a 0.11-acre lot. The layout includes three spacious rooms and a basement, supporting a range of potential uses such as office, retail, storage, or creative workspace. The building is connected to multiple neighboring buildings.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 1,747 SF
Lot 0.05 ac (2,178 SF)
Zoning code B4
APN 22007075.
UPID US43-0930688

Cap rate & NOI

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

Location

15235 Grand Riv Ave Detroit, MI 48227-2212
Detroit metro Census 537300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2021
$1,000
2013
$9,300
2013
Price N/A
2009
$11,000

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 15235 Grand Riv Ave?
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