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15924 Grand River Ave 15924 Grand River Ave 8,280 SF 100% Leased Retail Building Detroit, MI 48227 $625,000 ($75.48/SF)
Investment Highlights
- INVESTMENT SUMMARY - The offering combines stable in-place income with meaningful upside potential through the lease-up of the second floor.
- LOCATION & MARKET POSITIONING - Situated on Grand River Ave, the property benefits from exceptional visibility, and high daily traffic counts.
- VALUE-ADD OPPORTUNITY -The second floor of the property is currently vacant and offers a straightforward value-add component.
- PARKING & ACCESSIBILITY - Ample on-site and street-front parking provides convenient access for tenants, customers, and future second-floor occupants.
Executive Summary
INVESTMENT SUMMARY - The offering combines stable in-place income with meaningful upside potential through the lease-up of the second floor. Its strong tenant retention, professional build-out, and strategic placement within a resilient Detroit submarket make 15924 Grand River a compelling opportunity for investors seeking a balanced blend of security and growth potential. The property’s operational stability, combined with its location-driven demand factors, positions it as an attractive addition to a diversified commercial real estate portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,280 SF
Building Class
C
Year Built
1946
Price
$625,000
Price Per SF
$75.48
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.10 AC
Zoning
B-4 - Retail/Office
Frontage
Amenities
- Air Conditioning
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-008257 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $44,800 |
Property Taxes
Parcel Number
22-008257
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$44,800
Contacts
-
Deno Bistolarides -
Eric Reed -
Kishon Harbert -
Encore Real Estate Investment Services
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15924 Grand River Ave | 15924 Grand River Ave
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