Property profile

5760 Grand River Ave Detroit, MI 48208

FOR SALE
Grocery and convenience stores
Property ID
US43-0860613
7,700 SF 0.3 ac lot Built 1940
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1940
Total area 7,700 SF
Lot 0.3 ac (13,068 SF)
Zoning code B4
APN 12006117.
UPID US43-0860613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5760 Grand River Ave Detroit, MI 48208
Detroit metro Census 522300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$504k
Blend (final) Blend
$530k

Owner & transaction history

since 2019
2 recorded transactions
2019
$20,000
2004
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $705,000 +32.1%
Restaurant $700,000 +32.1%
Neighborhood: shopping center $585,000 +9.7%

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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