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16715 Grand Riv Ave Detroit, MI 48227-1419

OFF-MARKET Individual retail properties Google Maps
5,219 SF 0.14 ac lot Built 1955
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$405k
Range $365k – $446k (±10%)
Property ID US43-0604684

Property summary

AI-generated overview

This exceptional 0.2-acre commercial property at 16715 Grand River Avenue in Detroit, Michigan, presents a unique opportunity for a variety of businesses. Situated on a high-visibility corner lot in Wayne County (zip code 48227-1419), this property boasts ample street parking on two sides, ensuring convenient customer access. Currently configured for a drive-through operation (previously a dry cleaning pick-up/drop-off), the existing infrastructure simplifies the transition for similar businesses such as retail, banking, fast food, coffee shops, or other food pickup establishments. The asking price is $324,900, and the sale includes the real estate only; however, the seller is open to negotiating the inclusion of existing business assets. Flexible purchase options are available, including owner financing with land contract terms. This turnkey property offers immediate operational capabilities in a prime Detroit location with exceptional visibility and convenient access. Don't miss this chance to establish or expand your business in this high-traffic area.

Property profile

Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1955
Total area 5,219 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 22007174-6
UPID US43-0604684

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
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$405k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2009
$55,000

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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