21243 Grand Riv Ave, Detroit, MI 48219-3822
This exceptional 1,200 square foot storefront, located at 21243 Grand River Avenue in Detroit, Michigan, presents a lucrative investment opportunity. Built in 1942 and renovated in 2005, this single-story building sits on a 0.13-acre lot (APN: W22I007450C3) and offers a prime retail space in a high-traffic area. The property benefits from its proximity to a newly constructed Meijer Thrifty Acres store and a recently opened Dollar Tree, ensuring consistent foot traffic exceeding 100,000 daily visitors. This strategic location makes it ideal for a variety of businesses. The versatile space is suitable for various retail concepts, including but not limited to: insurance offices, tobacco stores, urgent care centers, coffee shops, donut shops, phone stores, or even an auto dealership. Adding to its appeal, the property includes two fully equipped mechanic bays, expanding its potential uses and revenue streams. The asking price for this exceptional property is $199,900. Don't miss this chance to own a thriving business in a rapidly developing area of Detroit.
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.