Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Repair Shop (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIff. 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M4 in Detroit, MI.
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