5760 Grand River Ave Detroit, MI 48208
Property profile & analytics
5760 Grand River Ave, Detroit, MI 48208
- Grocery and convenience stores
- 7,700 SF
- 0.30 lot acres
Property ID
US43-0860613
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 5760 Grand River Ave
- Year built
- 1940
- Lot size
- 0.30 lot acres
- Zone code
- B4
- Property type
- Grocery and convenience stores
- APN
- 12006117.
- APU
- 12006117
Description
This exceptional Detroit retail property, located at 5760 Grand River Ave, presents a unique investment opportunity. The building, constructed in 1925 and renovated in 1940, boasts 7,700 square feet of space on a 0.3-acre lot. Its zoning is designated B-4, allowing for a variety of commercial uses. The single-story structure features a 21-foot ceiling height and one overhead door, ideal for loading and unloading. Previously used as a supermarket, this property offers significant potential for redevelopment or continued use as a retail space. The asking price is $350,000, translating to $45.45 per square foot. The property's location in Detroit, Michigan (zip code 48208), within Wayne County, provides excellent access to major transportation routes and a thriving community. The ample square footage and convenient features make this a highly attractive option for entrepreneurs and investors seeking a well-situated commercial space with significant upside potential. The paved lot provides ample parking and maneuvering space. This is a rare opportunity to acquire a substantial retail space in a prime Detroit location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $504,000
- AI Estimate
- $552,000
Market price range: $229k - $873kMarket price range: $237k - $928k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $530,000 Current use
- COMMERCIAL (GENERAL)
- $705,000 Change: +32% Conversion: Easy
- RESTAURANT
- $700,000 Change: +32% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $585,000 Change: +10% Conversion: Moderate
- MEDICAL BUILDING
- $485,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $475,000 Change: -11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $465,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1
- Latitude
- 42.3534
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$13,519
$0.00
$0.00
$145,000
-
$0.00
$0.00
$290,000
