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    Property profile & analytics

    26080 Grand River Ave Redford, MI 48240

    • Turn key restaurants
    • 2,136 SF
    • 0.32 lot acres
    For Sale
    View listing
    $439,000
    Value Estimation
    Last Sale
    May 12, 2025
    $200,000
    Location Intelligence
    Property ID
    US43-1201690
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 26080 Grand River Ave

    Year built
    1948
    Construction
    CONCRETE BLOCKS
    Lot size
    0.32 lot acres
    Property size
    2,136 SF
    Property type
    Turn key restaurants
    APN
    79 003 02 0616 000
    APU
    79003020616000

    Description

    This exceptional freestanding commercial property, located at 26080 Grand River Avenue in Redford Charter Township, Michigan, presents a unique opportunity for a discerning buyer or tenant. The 2,136 square foot building, constructed in 1948, sits on a 0.32-acre lot and boasts excellent visibility from its prominent corner location on Grand River Avenue, north of Grand River and west of Beech Daly. The property features ample parking, a significant advantage for businesses seeking high customer traffic. Currently vacant, this single-tenant building is ideal for a variety of retail or restaurant uses. The property is available for purchase at $439,000 or for lease at $4,000 per month, NNN. Land contract terms are also available, offering flexible financing options. The property's parcel number is 79003020616000. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Redford Charter Township, with the potential for significant return on investment. The property's one-story design and ample space make it an attractive option for a wide range of businesses. Don't miss this chance to secure a prime location in a high-traffic area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $215,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $180,000
      Mixed-Use
      $175,000
      Hospitality
      $235,000
      Educational
      $180,000
      Residential Income
      $205,000
      Energy
      $225,000
      Income-Based Land
      $175,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3005
    Latitude
    42.4342
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $8,096
    $0.00
    $0.00
    $122,100
    -
    $0.00
    $0.00
    $244,200

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      RESTAURANT • 1,360 SF
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    Similar Nearby for Lease

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    26080 Grand River Ave
    Redford, MI 48240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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