Property profile

23806 Grand Riv Ave Detroit, MI 48219

OFF-MARKET
Retail space
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Property ID
US43-0357835
3,150 SF 0.33 ac Built 1955
Last sale Mar 2023·$165,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This mixed-use building is located east of Telegraph on Grand River with access to I-96. The interior layout includes a large open meeting area, a dedicated dining space, and two private offices, with flexibility for office, retail, or community-oriented uses. The property includes a full kitchen and three restrooms. On-site parking is available for up to 24 vehicles, and the building is configured as-is for potential customization within its high-traffic corridor setting.

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?
$2k
Tax billed · 2020
Assessed value · 2024$83k
Effective rate2.10%

Value estimate

· Nov 2026
$220k
$198k – $242k

Realmo valuation models over county records and 12 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 comparables12

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency51.0
Law Firm35.5
Building Supply34.4

Location

23806 Grand Riv Ave Detroit, MI 48219-3002
County assessor Recorded deeds · 2 transfers 12 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
22435 Grand Riv, Detroit, MI 48219-3111 $170,000 Apr 2025 3,600 SF
20038 Mcnichols, Detroit, MI 48219-3373 $625,000 Jul 2023 2,960 SF
23810 7th Mile, Detroit, MI 48219-1629 $90,000 Apr 2023 3,330 SF
23611 7th Mile, Detroit, MI 48219-1728 $185,000 Mar 2023 2,723 SF
18230 7th Mile, Detroit, MI 48219-2960 $135,000 Mar 2023 2,990 SF
21370 Mcnichols, Detroit, MI 48219-3974 $275,000 Dec 2022 3,601 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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