15924 Grand River Ave - Storefront FOR SALE


Detroit, MI 48227- Grandmont
$350,000 USD
248-702-0288
15924 Grand River Ave, Detroit, MI for Sale
$350,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

15924 Grand River Ave
Detroit, MI 48227
Grandmont


HIGHLIGHTS

  • INVESTMENT SUMMARY - The property currently generates approximately $4,000 per month in rental income, with additional NOI upside through leasing-up
  • VALUE-ADD OPPORTUNITY -The second floor of the property is currently vacant and offers a straightforward value-add component
  • LOCATION & MARKET POSITIONING - Situated on Grand River Ave, the property benefits from exceptional visibility, and high daily traffic counts
  • PARKING & ACCESSIBILITY - Ample on-site and street-front parking provides convenient access for tenants, customers, and future second-floor occupants
  • OWNER USER OPPORTUNITY - The current ground-floor tenant lease flexibility, creating the potential for an owner-user to occupy the storefront

OVERVIEW

INVESTMENT SUMMARY - Final Call for Offers Due Monday, August 31: 15924 Grand River presents a flexible opportunity for both investors and owner-users. The property currently generates approximately $4,000 per month in rental income, with additional NOI upside through leasing the remaining vacant spaces. The current ground-floor tenant is on a month-to-month lease, creating the potential for an owner-user to occupy the storefront or reposition it for a higher-value retail use. Whether your strategy is owner occupancy or increasing cash flow through lease-up, this property offers multiple paths to create value.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Offers Due Aug 31-Owner-User/Value-Add Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-4

APN/PARCEL ID

22-008257

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.