Property profile

20000 Grand River Ave Detroit, MI 48219

FOR LEASE
Retail space
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Property ID
US43-0977596
13,407 SF 0.62 ac Built 1988
Last sale Oct 2018·$1,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This single-tenant retail property was built in 1996 and consists of a 13,064-square-foot drugstore building that is configured for full-building occupancy. The property sits on a 0.62-acre site at the intersection of Grand River Avenue and Evergreen Road, an area reported to have traffic counts exceeding 24,000 vehicles per day. Historically, the space has been used as a drugstore, and the leasing structure is described as a corporate-guaranteed arrangement on an NNN (triple-net) basis with limited stated landlord responsibilities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$21k
Tax billed · 2020
Assessed value · 2024$350k
Effective rate5.92%

Value estimate

· Nov 2026
$385k
$347k – $424k
Submarket $/SF estimate$1.85M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$36 – $168
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.8
Realty agency20.9
Building Supply17.8

Location

20000 Grand River Ave Detroit, MI 48219
County assessor Recorded deeds · 5 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21621 8th Mile, Detroit, MI 48219-4417 $475,000 Jan 2025 7,546 SF
24133 Grand Riv, Detroit, MI 48219-3014 $4,650,000 Oct 2024 13,999 SF
21250 7th Mile, Detroit, MI 48219-1967 $38,561 Sep 2023 8,262 SF
23821 Grand Riv, Detroit, MI 48219-3001 $80,000 Sep 2023 4,750 SF
19137 7th Mile, Detroit, MI 48219-2706 $650,000 Aug 2023 5,746 SF
23819 7th Mile, Detroit, MI 48219-1628 $120,000 Apr 2023 5,419 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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