Property profile

24623 Grand Riv Ave Detroit, MI 48219

OFF-MARKET
Commercial real estate
Property ID
US43-5032763
2,592 SF 0.32 ac lot Built 1968
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 2,592 SF
Lot 0.32 ac (13,939 SF)
Zoning code B4
APN 22007614-21
UPID US43-5032763

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Business Management Consultant

Location

24623 Grand Riv Ave Detroit, MI 48219-3006
Detroit metro Census 541300 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2021
Last sale
$29,500
4 recorded transactions
2021
Price N/A
2011
$29,500
2009
Price N/A
1969
Price N/A

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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