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15924 Grand River Ave 15924 Grand River Ave 8,280 SF 100% Leased Retail Building Detroit, MI 48227 $872,000 CAD ($105.31 CAD/SF)

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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
$872,000 CAD
Price Per SF
$105.31 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.10 AC
Zoning
B-4 - Retail/Office
Frontage
46’ on Grand River

AMENITIES

  • Air Conditioning
Walk Score®
Very Walkable (80)
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.®

NEARBY MAJOR RETAILERS

Bank of America
Checkers
Chase Bank
Powerhouse Gym

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-008257
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$63,145 CAD
  • Listing ID: 38554106

  • Date on Market: 2025-11-24

  • Last Updated:

  • Address: 15924 Grand River Ave, Detroit, MI 48227

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