Property profile

5100 Grand Riv Ave Detroit, MI 48208

OFF-MARKET
Auto shops
Property ID
US43-1094026
17,732 SF 0.47 ac lot Built 1939
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional vacant commercial property, located at 5100 Grand River Ave in Detroit, Michigan, presents a unique investment opportunity. The 17,485 square foot building, constructed in 1939, sits on a spacious 20,580 square foot lot and is zoned for commercial use. Currently vacant, this property offers significant potential for a variety of uses, including its existing configuration as an auto shop and storefront. The building features a convenient drive-thru, three overhead doors in the front building, and an additional overhead door accessing a rear warehouse, totaling five overhead doors. This versatile layout allows for efficient operations and ample storage space. Its prime location on Grand River Avenue provides excellent visibility and accessibility, with immediate proximity to major freeways I-94 and I-96, ensuring convenient transportation for both customers and employees. The property is comprised of two units and is easily divisible into smaller spaces, catering to a range of business needs and tenant requirements. The asking price is $1,150,000. This property represents a rare chance to acquire a substantial commercial space in a thriving Detroit location with significant upside potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1939
Total area 17,732 SF
Lot 0.47 ac (20,473 SF)
Zoning code M4
APN 10000595-7
UPID US43-1094026

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
  • Auto Repair Shop (Bike/Boat/Book/etc) Store

Location

5100 Grand Riv Ave Detroit, MI 48208-2056
Detroit metro Census 521900 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
$597k
Blend (final) Blend
$600k

Owner & transaction history

Zoning & alternative use

M4 · Detroit, MI
Zoning description

ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…

General category INDUSTRIAL

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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