26080 Grand Riv AveRedford Charter Township, MI 48240

Property Details for 26080 Grand Riv Ave

Year built

1948

Construction

CONCRETE BLOCKS

Lot size

0.32 AC

Property size (Sq ft)

2,136 SF

Property type

Turn key restaurants

APN

79 003 02 0616 000

APU

79003020616000

Description

This exceptional freestanding commercial property, located at 26080 Grand River Avenue in Redford Charter Township, Michigan, presents a unique opportunity for a discerning buyer or tenant. The 2,136 square foot building, constructed in 1948, sits on a 0.32-acre lot and boasts excellent visibility from its prominent corner location on Grand River Avenue, north of Grand River and west of Beech Daly. The property features ample parking, a significant advantage for businesses seeking high customer traffic. Currently vacant, this single-tenant building is ideal for a variety of retail or restaurant uses. The property is available for purchase at $439,000 or for lease at $4,000 per month, NNN. Land contract terms are also available, offering flexible financing options. The property's parcel number is 79003020616000. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Redford Charter Township, with the potential for significant return on investment. The property's one-story design and ample space make it an attractive option for a wide range of businesses. Don't miss this chance to secure a prime location in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $537,516

  6.5%

  $496,169

  7%

  $460,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $503,500

  Geo Method

  $503,500

• Alternative Use

  Use

  Valuation

  Residential

  $418,537

  Hospitality

  $383,378

  Educational

  $318,966

  Medical

  $329,936

  Retail

  $496,169

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.4342

Longitude

-83.3005

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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