Property profile

17242 Greydale Ave Detroit, MI 48219

OFF-MARKET
Outlet malls
Property ID
US43-1578290
12,040 SF 0.63 ac lot Built 1940
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,040-square-foot warehouse and storefront property, located at 17242 Greydale Ave, Detroit, MI 48219, presents a unique investment opportunity. Situated on a 0.63-acre lot (27,387 square feet), this single-tenant building boasts a prime location in the revitalizing Old Redford submarket, near the Redford Theatre and a thriving community village. Built in 1940 and extensively renovated in 2020, the property features a 16-foot clear ceiling height, two drive-in doors, and ample parking for 20 vehicles. The flexible space, zoned B3, is ideal for various uses including retail, industrial, manufacturing, distribution, or a creative studio. The open floor plan offers 12,040 square feet of vacant space, ready for immediate occupancy. The building benefits from a new roof and twelve rooftop AC units. This property offers high visibility due to its location at a major intersection. Available November 1, 2024, this property is also available for sale and is located in an Opportunity Zone.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1940
Total area 12,040 SF
Lot 0.63 ac (27,443 SF)
Zoning code B4
APN 22112707.
UPID US43-1578290

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
  • Auto Repair Shop

Location

17242 Greydale Ave Detroit, MI 48219-3248
Detroit metro Census 541200 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
$100k

Owner & transaction history

since 2026
Last sale
$91,000
5 recorded transactions
2026
Price N/A
2021
Price N/A
2018
$91,000
2011
$10,600
2011
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
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