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9008 Grand River Ave
Detroit, MI 48204
Specialty Property For Sale · 19,025 SF

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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type Investment or Owner User
Property Type Specialty
Building Class B
Lot Size 0.28 AC
Building Size 19,025 SF
No. Stories 2
Year Built 1927
Zoning B4 - Central Business District

Property Taxes

Property Taxes

Parcel Number
14-001586
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$356,970 CAD
  • Listing ID: 39398389

  • Date on Market: 2026-02-11

  • Last Updated:

  • Address: 9008 Grand River Ave, Detroit, MI 48204

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