12010 Greenfield RdDetroit, MI 48227

Property Details for 12010 Greenfield Rd

Year built

1974

Lot size

0.35 AC

Property size (Sq ft)

3,199 SF

Zone code

B4

Property type

Drive through restaurants

APN

22049833-6

APU

220498336

Description

This exceptional commercial property, located at 12010 Greenfield Road in Detroit, Michigan, 48227, presents a unique investment opportunity. The 3,199 square foot building, situated on a sizable lot, was formerly a KFC restaurant. Its strategic location just off the 96 Freeway ensures high visibility and easy access for customers. The existing structure offers a versatile layout, adaptable to a wide range of commercial uses, benefiting from its established fast-food restaurant configuration. This presents a significant advantage for entrepreneurs seeking a ready-made space requiring minimal initial build-out. The property's prime location in a bustling area of Detroit guarantees high foot traffic and strong potential for attracting a diverse customer base. The asking price is $399,000. This is an ideal opportunity for investors seeking a high-traffic location with significant redevelopment potential in a thriving commercial area. The property's proximity to the 96 Freeway provides unparalleled accessibility, maximizing visibility and attracting a large customer base. This is a rare chance to acquire a well-positioned commercial property in a dynamic Detroit market. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $978,058

  6.5%

  $902,822

  7%

  $838,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,071

  Geo Method

  $754,071

• Alternative Use

  Use

  Valuation

  Residential

  $761,564

  Hospitality

  $697,589

  Educational

  $580,386

  Medical

  $600,346

  Retail

  $902,822

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3751

Longitude

-83.1973

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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