25276 Grand River AveRedford, MI 48240

Property Details for 25276 Grand River Ave

Year built

1950

Lot size

0.37 AC

Property size (Sq ft)

2,781 SF

Zone code

R-1

Property type

Automotive properties

APN

79 002 02 0044 300

APU

79002020044300

Description

This exceptional free-standing retail building, located at 25276 Grand River Avenue in Redford, Michigan, presents a unique investment opportunity. Boasting a total of 2,800 square feet, the entire space is currently vacant and ready for immediate occupancy. Built in 1950 and extensively renovated in 2015, the property offers a blend of classic charm and modern functionality. The building sits on a sizable 0.37-acre lot, providing ample space for customer parking and potential future expansion. The property's convenient location on Grand River Avenue ensures high visibility and accessibility, making it ideal for a variety of retail businesses. With its single-tenant occupancy, this property offers a streamlined management experience. The property's Wayne County location (APN: 79-002-02-0044-300) and 48240 zip code offer easy access to a thriving community. This is a rare opportunity to acquire a well-maintained, strategically located retail space in a desirable area. The 2015 renovation ensures the building is equipped with modern amenities, ready for a new tenant to move in and establish their business. The ample lot size offers flexibility for outdoor displays or seating areas, enhancing the overall customer experience. Don't miss this chance to secure a prime retail location in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $699,828

  6.5%

  $645,995

  7%

  $599,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $655,540

  Geo Method

  $655,540

• Alternative Use

  Use

  Valuation

  Residential

  $544,921

  Hospitality

  $499,145

  Educational

  $415,283

  Medical

  $429,565

  Retail

  $645,995

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.4303

Longitude

-83.2909

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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