Log In/Sign Up
Your email has been sent.
21548 Grand River Ave
Detroit, MI 48219
21548-21560 Grd Rvr Bldg · Retail Property For Sale
Investment Highlights
- Location has good exposure to heavy foot traffic and 40,000 SEMCOG traffic volume
- Good condition and changing current use will not be difficult
Executive Summary
8,959 SF commercial building with stable occupancy and two tenants in place. Only 830 SF remains vacant, offering immediate value-add potential while benefiting from existing cash flow. Well-positioned on the Grand River corridor for retail, service, or neighborhood commercial use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,959 SF
Building Class
C
Year Built
1948
Price
$1,084,530 CAD
Price Per SF
$121.05 CAD
Cap Rate
6.49%
NOI
$70,424 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
Zoning
Commercial - B3 Commercial Retail / Commercial Shopping District.
Amenities
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $388,318 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$388,318 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
