2641 Grand Blvd, Detroit, MI 48206
This exceptional 5,900 square foot commercial property, located at 2641 W. Grand Blvd in Detroit, Michigan, presents a unique investment opportunity. Situated on a 0.17-acre lot in Wayne County, this building boasts a blend of traditional office and coworking space, perfect for a variety of businesses. Built in 1925, the property is classified as Class D and features a single building with multiple tenancies. The property type is versatile, encompassing retail, office, and special purpose uses, offering flexibility for potential tenants. The address is conveniently located in the 48206 zip code of Detroit. The building's substantial square footage provides ample space for various configurations, catering to diverse business needs. This prime location in a vibrant city offers excellent potential for growth and return on investment. The property's history adds character and charm, while its adaptable layout allows for modern business operations. This is a rare chance to acquire a well-positioned commercial property in a dynamic urban setting. The multiple tenancy structure offers income diversification potential. The property's size and location make it an attractive option for businesses seeking a prominent Detroit presence. This is an excellent opportunity to own a piece of Detroit's rich history while capitalizing on its future potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.