18200 Grand Riv Ave Detroit, MI 48223-2311
This exceptional mixed-use property, located at 18200 Grand River Ave in Detroit, Michigan, presents a compelling investment opportunity. Boasting 8,600 square feet of space, this newly updated building is zoned for commercial use and offers significant potential for multi-tenant occupancy. Its prime location on Grand River Avenue ensures high visibility and accessibility, attracting a diverse range of potential tenants. The flexible layout is ideal for accommodating both commercial and residential uses, making it a versatile option for various business models and lifestyles. The ample square footage allows for customization to suit individual tenant needs, maximizing rental income potential. This property is situated in a high-traffic area of Wayne County, zip code 48223, offering excellent exposure and convenient access for businesses and residents alike. The standard ownership structure provides a straightforward acquisition process. This is an ideal opportunity for investors seeking a strong return on investment in a thriving Detroit location. The asking price is $379,000. This property is ready for immediate occupancy and offers a unique blend of commercial and residential potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.