5100 Grand River Avenue Detroit, MI ^$ 1,300,000

5100 Grand River Avenue

^$ 1,300,000

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5100 Grand River Avenue

Detroit, MI, 48208

^$ 1,300,000

Studio Baths0.0 Sq 17,732

Monthly Estimate*

^$ 8,640

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5100 Grand River Avenue, Detroit, MI 48208 - Image 3

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Studio

Commercial Property for sale in Detroit, MI

for $1,300,000. This 17,732 square foot building was built in 1939 on a lot size of 0.47.

Can be used for Cannabis growing, processing, provisioning, transporting or cultivating with conditional approval from the city. Rare industrial building in Detroit's West Submarket! 17,438 square feet of industrial prime area. Five 10' x 12' drive-in bay doors, .475 acres. Prominent Grand River Industrial frontage. Less than .25 miles from I-94 & I-96. M4 intensive industrial zoning. Monument signage available. Mezzanine. Easy showings!

Commercial Active

Price

^$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,217

Style

Glass Compan

Lot Size

0.47

Year Built

1939

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230064556

Features

General

Sewer Public Sewer (Sewer-Sanitary)

Possession At Close

current use Glass Compan

Zoning Commercial Heavy Industrial Light Industrial

Year Built 1939

Business Type Manufacturing

Property Type Commercial

Subdivision Name MORE THAN ONE SUBDIVISION INVOLVED

Transaction Type Sale

Status Active

Short Sale No

Construction Materials Brick Cedar

Cumulative Days on Market 668

MLS Area Det: Livernois-I75 6-Gd River

Directions Property is South of I-94 East of I-96 Freeways.

City Detroit

Terms Offered Cash Conventional

School District Detroit

Land Contract 0

Ownership Status Short Sale - No Private Owned

Street Name GRAND RIVER

Assessment 100.00

Total Sq Ft 17732

DOM 292

Taxes 4217.0000

Legal Description N GRAND RIVER TRIANG PARCEL BG E 45 FT ON N LINE OF GRAND RIVER AVE & S 57.34 FT ON W LINE OF LOT 861 OF STANTONS SUB P C 473 S 300 FT 861 STANTONS SUB L16 P26 PLATS W C R 10/47 171.38 IRREG

Exterior

Waterfront 0

Lot Size Area 0.47

Water Source Public (Municipal)

Foundation Crawl

Lot Size Dimensions 171.00 x 120.00

Roof Material Asphalt

Architecture Level 1 Story

Interior

Street Suffix Avenue

Internal Only

Originating MLS Realcomp II Ltd

* Excluded Features

List By

Avery Piantedosi

Listing Agent

Max Broock, Realtors®-Birmingham

Broker

(248) 670-4064

Phone

Affordability Calculator

$8,992

Per Month

Monthly Principal & Interest: $8,640
Monthly Property Taxes: $351
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$478,784

Percent of Sale Price 63%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2023	$1,300,000	-31.58%	Price Down
8/3/2023	$1,900,000		Listed Price

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5100 Grand River Avenue, Detroit, MI, 48208 is a Commercial Property for sale at $1,300,000 with 17,732 sqft and a lot size of 0.47. 5100 Grand River Avenue is a studio with 0.0 baths and was built in 1939. The property's zip code is 48208 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/25/2024.

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5100 Grand River Avenue

Commercial Property for sale in Detroit, MI

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