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Property profile & analytics
OFF-MARKET
Casinos
2901 Grand Riv Ave Detroit, MI 48201-2907
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-0754555
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1915
Total area
252,150 SF
Lot
2.46 ac (107,158 SF)
Zoning code
SD5
APN
06000876-81
UPID
US43-0754555
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grand River Deli & Burgers Restaurant
-
MotorCity Casino Hotel Hotel & Motel
-
Nationwide Auto Transport Trucking Company
-
D.TOUR Spa Spa & Massage Center
-
Iridescence - Event Space at MotorCity Casino Hotel Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Detroit Entertainment LLC · 5 yrs held
Detroit Entertainment LLC
since 2020
2 recorded transactions
Zoning & alternative use
SD5 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development District, Casinos. (Code 1984, § 61-7-5; Ord. No. 11-05, § 1(61-7-5), eff. 5-28-2005; Ord. No. 13-11, § 1(61-7-5), e…
Zone name
Special Development District And Casinos
General category
OPEN_SPACE
Zone area
53.43 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$781,416
Tax year 2020
Assessed value
$74,831,900
Assessed 2024
Previous assessed
$71,822,900
+4.2% YoY
Effective rate
1.04%
On assessed value
Total market value
$149,663,800
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Casinos
Use group
CASINO
Status
Off-Market
Year built
1915
Heating
FORCED AIR
Buildings
6
Stories
4
Total area
252,150 SF
Lot
2.46 ac (107,158 SF)
Zoning code
SD5
APN
06000876-81
UPID
US43-0754555
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
SD5 · Detroit, MIZoning SD5 · permitted uses
SD5 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development District, Casinos. (Code 1984, § 61-7-5; Ord. No. 11-05, § 1(61-7-5), eff. 5-28-2005; Ord. No. 13-11, § 1(61-7-5), eff. 8-23-2011; Ord. No. 38-14, § 1(61-7-5), eff. 10-16-2014; Ord. No. 2022-17 , § 1
Zone name
Special Development District And Casinos
General category
OPEN_SPACE
Zone area
53.43 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1915
Heating
FORCED AIR
Stories
4
Buildings
6
Lot
2.46 ac
Current owner
From public records · entity-resolved
Detroit Entertainment LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2901 GRAND RIV AVE, DETROIT, MI 48201-2907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Detroit Entertainment LLC
—
Deed
related
—
Mar 1, 2011
—
Detroit Entertainment LLC
—
Deed Of Trust
related
$635,000,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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