8952 Grand River Ave 15,948 SF 100% Leased Retail Building Detroit, MI 48204 $500,000 ($31.35/SF)

PRICED TO SELL/FORMER GRANDE BALLROOM
This property is ideally positioned at the heart of a wave of dynamic developments and revitalization efforts that are reshaping the landscape of this historic Detroit neighborhood. With prime street frontage on the heavily traveled Grand River Avenue, it stands at a crossroads where tradition meets transformation, offering unparalleled visibility and access in an area poised for significant growth.
One of the neighborhood’s most treasured landmarks, the historic Grande Ballroom, is just a stone’s throw away. This architectural gem, with its elegant blend of Spanish Revival and Mediterranean Revival styles, stands as a testament to Detroit’s rich cultural history. Its imposing two-story, yellow-buff brick façade, adorned with limestone friezes, round-arched windows, and the iconic octagonal corner towers, recalls the ballroom's glory days when it was a center for music, arts, and community. Though the retail spaces on the ground floor have been modified, the building’s decorative urns, tiled roofs, and intricate star motifs remain intact, offering glimpses into its illustrious past.
While the Grande Ballroom requires substantial restoration, it presents a rare opportunity for a visionary developer to contribute to the ongoing renaissance of the area. The city is heavily invested in the neighborhood’s future, with streetscape enhancements, a planned neighborhood center on Tuxedo featuring a play scape, and the implementation of pedestrian-friendly improvements, including barricades to ensure the safety of families and children. These efforts are aimed at fostering a vibrant, walkable community where residents and visitors alike can thrive.
Given its strategic location at the epicenter of these ambitious projects, this property offers enormous potential for business or commercial use. Whether capitalizing on the historic charm of the Grande Ballroom or tapping into the neighborhood’s burgeoning development, this site offers a unique blend of historical significance and modern opportunity. In a neighborhood on the cusp of transformation, this property is a rare find, offering endless possibilities for those looking to be part of Detroit’s bright future.