16715 Grand Riv Ave Detroit, MI 48227-1419
Property summary
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
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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