Property profile

16226 Grand Riv Ave Detroit, MI 48227

OFF-MARKET
Medical Office Space
Property ID
US43-1079592
3,192 SF 0.12 ac lot Built 1986
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1986
Total area 3,192 SF
Lot 0.12 ac (5,227 SF)
Zoning code B4
APN 22008228-30
UPID US43-1079592

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
  • Medical Clinic
  • Pediatrician Physician
  • Medical Clinic
  • Pediatrician Physician

Location

16226 Grand Riv Ave Detroit, MI 48227-1824
Detroit metro Census 542300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2023
Last sale
$160,000
1 recorded transaction
2023
$160,000

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
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