Property profile

20950 Grand Riv Ave Detroit, MI 48219

OFF-MARKET
Retail space
Property ID
US43-1855492
2,000 SF 0.08 ac lot Built 1955
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,000 square foot storefront, located at 20950 W Grand River Ave in Detroit, Michigan, presents a compelling investment opportunity. Situated in a vibrant, walkable community, this property boasts a prime location with close proximity to several national retailers, including a significant 200,000 square foot Meijer Super Store within walking distance. The building sits on a 3,330 square foot lot and is zoned B4 General Business District, offering flexibility for a variety of commercial uses. On-site parking accommodates 4-5 vehicles, providing convenient access for customers and employees. The property's unique design and high-traffic location make it ideal for a single retail user or potentially divisible for two separate businesses. This is a rare chance to acquire a well-positioned retail space in a thriving Detroit neighborhood. The asking price is $95,000. This presents a strong return on investment potential given the location and the potential for multiple tenants. Don't miss this chance to own a piece of Detroit's growing commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 2,000 SF
Lot 0.08 ac (3,485 SF)
Zoning code B4
APN 22007873-4
UPID US43-1855492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20950 Grand Riv Ave Detroit, MI 48219-3937
Detroit metro Census 543200 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
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Comparable Approach Comparable
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Blend (final) Blend
$210k

Owner & transaction history

since 2018
1 recorded transaction
2018
$3,236

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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