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15234 Grand River Ave - Grand River and Whitcomb 0.31 Acres of Commercial Land Offered at $688,900 CAD in Detroit, MI 48227

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INVESTMENT HIGHLIGHTS

  • Located in the Cadillac Community neighborhood of Detroit

EXECUTIVE SUMMARY

First Commercial Realty is currently redeveloping a ~1.75 acre parcel at the northeast corner of Grand River and Whitcomb in Detroit, Michigan. This parcel has been owned by First Commercial since 1999, and currently home to Foot Locker (15280 West Grand River Avenue). It is located in the Greenfield and Grand River retail corridor, which boasts a strong presence of national and regional chains, including Foreman Mills, Rainbow, Villa, J-Bees, VIP Wear, Shoe Time and more.
When completed, the three-phase redevelopment will feature over 13,000 square feet of retail space in three freestanding buildings, with frontage along Grand River Avenue. It will be anchored by a 6,500 square foot freestanding Foot Locker concept store, the first phase of the development. This state-of-the-art store, which is set to open by Summer 2019, is reflective of Foot Locker North America’s new strategy to move away from traditional mall-based retail spaces and into unique, community-centered retail spaces.
The remaining two buildings (Phase 2 and Phase 3, respectively) will be developed in the near future.

PROPERTY FACTS

Price $688,900 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.31 AC
No. Stories 2
Zoning B3

1 LOT AVAILABLE

Lot

Price $688,900 CAD
Price Per AC $2,222,258.04 CAD
Lot Size 0.31 AC

Vacant corner lot next to Foot Locker and the Towne Center Mall 138' frontage on M-5 (Grand River Ave) Easy access to I-96 and M-39 (Southfield Fwy)

DESCRIPTION

Vacant corner lot next to Foot Locker and the Towne Center Mall 138' frontage on M-5 (Grand River Ave) Easy access to I-96 and M-39 (Southfield Fwy)

Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-007075
  • 22-008288
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$426,154 CAD
  • Listing ID: 26619592

  • Date on Market: 2022-09-13

  • Last Updated:

  • Address: 15234 Grand River Ave, Detroit, MI 48227

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