9008 Grand River Ave - Specialty FOR SALE


Detroit, MI 48204- Rosa Parks
$750,000 USD
248-568-1488
9008 Grand River Ave, Detroit, MI for Sale
$750,000 USD
Specialty - FOR SALE
1/10
null | Request Cap Rate

9008 Grand River Ave
Detroit, MI 48204
Rosa Parks


HIGHLIGHTS

  • 19,025 SF Event Center/Office Property in Grand River Corridor
  • Projected 13.6% Cap Rate
  • Multi-Purpose Configuration Allows for Multiple Revenue Streams
  • Additional ±0.05-Acre Parking Parcel Included
  • Adaptive Reuse & Repositioning Potential
  • Iconic Architecture - Former S.S. Kresge Department Store

OVERVIEW

Unlock a rare opportunity to own a cornerstone asset along one of Detroit’s most dynamic corridors. Spanning 19,025 SF this architecturally significant mixed-use property —originally constructed as a historic S.S. Kresge Department Store—seamlessly blends legacy character with modern income-producing potential. Positioned along the rapidly revitalizing Grand River Avenue, the property offers a projected 13.60% cap rate, making it an attractive option for value-add investors, adaptive-reuse specialists, and owner-operators seeking both immediate income and long-term appreciation. Enhancing the offering is an additional ±0.05-acre parcel directly across the street, providing valuable supplemental parking—an increasingly rare asset in urban Detroit that strengthens the property’s usability and tenant appeal. The building features a large ground-floor banquet and event hall, ideal for private events, corporate gatherings, performances, or community programming, complemented by flexible second-floor office suites well-suited for creative studios, coworking concepts, professional services, or boutique headquarters. The layout allows for multiple income streams and the potential to reposition or re-tenant based on market demand. With its scale, historical significance, flexible configuration, and location within a highgrowth corridor, 9008 Grand River Ave presents a compelling opportunity to acquire a truly differentiated asset in one of Detroit’s most promising neighborhoods.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,359 SF

ZONING

B4

APN/PARCEL ID

14-001586

ASK ABOUT THIS PROPERTY

DeVon JacksonP.A. Commercial, LLCMore Info
248-568-1488

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

DeVon JacksonP.A. Commercial, LLCMore Info
248-568-1488

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