$260,000

14214 Grand River Avenue

Detroit MI, 48227

Description

PROPERTY WAS PREVIOUSLY USED AS A BEER/WINE/LIQUOR STORE. STORE SET-UP AND FACILITIES ARE STILL THERE. LIQUOR LICENSE IS IN ESCROW. FACILITIES WERE IMPROVED DURING THAT TIME AND REMODELED TO INCLUDE A FOOD PREP AREA WITH TILED FLOOR AND A FOOD COOKING KITCHEN AREA WITH TILE FLOOR, 3 COMPARTMENT SINK AND BATHROOM WITH TILE FLOOR FOR THE STAFF WITH DETROIT APPROVAL. LICENSES FROM DETROIT ALSO INCLUDE POSSIBLE GOLD AND SILVER STORE. PARKING LOT INCLUDES ABOUT 17 SPACES INCLUDING H/C SPOTS. STORE HAS NOT BEEN OPERATING IN THE LAST 2 YEARS. FLOOR SPACE ON THE GROUND FLOOR IS 3655 SQ FT AND WITH A 2ND FLOOR OF THAT SAME SIZE. EAST PARCEL IS VACANT LAND AND COULD BE IMPROVED WITH PLANS GETTING APPROVAL BY DETROIT BUILDING AND ZONING OFFICE BY PURCHASERS. ROOFTOP HVAC UNIT WAS REPLACED IN 2003 AND BACK HALF OF THE ROOF IN 2017. POSSIBLE 2ND DRIVE FROM SCHOOLCRAFT RD.MONTHLY TRAFFIC COUNT ON GRAND RIVER AVE IS 780,000 + ANNUAL IS 9,360,000.

Details

MLS#218103034
StyleRetail
Sub-TypeResale
StatusActive
Year1956
Days On Site362

Features

SQ Feet7,310
Story(s)1
Units1
ZoningCommercial

Market Activity 48227

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48227
AreaDet 6-Tire - Grnfld - Livernois
Listing VS Median (in 48227)
Price:
$260,000
low | high
Med:
$45,000
100% of Average
SqFt:
7,310
low | high
Med:
1,448
100% of Average
$ / SqFt:
$36
low | high
Med:
$31
62.539047960452% of Average
On Site:
362
low | high
Med:
100.5
100% of Average
Listing Updated: 10/18/2019
MLS Number: 218103034
Listing Provided By:
Fred Lindholm  of  Real Estate One-Royal Oak
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