26120 Grand Riv Ave Redford, MI 48240-1441
- Warehouses
- 4,400 SF
- 0.18 lot acres
Current Use by Public Records
- Warehouses
Property Details for 26120 Grand Riv Ave
- Year built
- 1952
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.18 lot acres
- Property size
- 4,400 SF
- Property type
- Warehouses
- APN
- 79 003 02 0608 000
- APU
- 79003020608000
Description
This exceptional 4,400 square foot industrial property, located at 26120 Grand River Avenue in Redford, Michigan, presents a unique investment opportunity. Priced at $800,000, this fully equipped collision repair shop sits on a 0.18-acre lot and boasts a prime location on busy Grand River Avenue, ensuring high visibility and accessibility. The building features three overhead doors, facilitating efficient vehicle access and workflow. Inside, you'll find three hoists, a dedicated paint room for meticulous finishing, a comfortable break room for staff, two restrooms, and a functional office space. The property also includes a vacant lot situated on the east side, offering potential for expansion or future development, and a convenient drive on the west side. This turnkey operation is ready for immediate occupancy and presents a strong potential for immediate revenue generation. Serious inquiries only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $145,000
- 7%
- $160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $120,000
- Retail
- $140,000
- Mixed-Use
- $150,000
- Hospitality
- $125,000
- Educational
- $150,000
- Residential Income
- $115,000
- Energy
- $130,000
- Income-Based Land
- $120,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Redford
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3013
- Latitude
- 42.4345
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
