Property summary
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
VerifiedCap rate & NOI
Location
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
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property 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
Official district profile
), 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)…
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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