15725 Grand River AveDetroit, MI 48227

For Sale
$599,000

7,505 SF Retail Space, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7,505-square-foot storefront, located at 15725 Grand River Avenue in Detroit, Michigan, presents a compelling investment opportunity. Situated between Greenfield and Southfield Freeways, this property boasts a prime location with high visibility and accessibility. The building has undergone significant recent renovations, including a complete overhaul of the HVAC system, furnace, electrical wiring, plumbing, and hot water heater. Modern upgrades also include three-phase power and two ADA-compliant restrooms. The open floor plan is highly adaptable, suitable for a variety of commercial uses. The property could be easily divided into two approximately 3,500-square-foot units, each with 17 allocated parking spaces (excluding street parking). Adding to its versatility, there's an additional, unfinished basement space of approximately 3,500 square feet, not included in the listed square footage. The asking price is $599,000, translating to $71.12 per square foot. The 0.32-acre lot provides ample space. A newly signed lease with an event space tenant further enhances the investment potential. This property offers a rare blend of modern amenities, flexible space, and a highly desirable location. Detailed information and specifications are available upon request.

Highlights

  • Grand River Ave investment opportunity between Greenfield and Southfield Fwys.
  • Newly signed lease with an event space tenant.
  • Recently updated with new HVAC, furnace, electrical, plumbing, and hot water heater; three-phase power and two ADA-compliant restrooms.
  • Approximately 3,500 SF unfinished basement.

Property Details for 15725 Grand River Ave

Property type
Other retail properties, Individual retail properties
Square Feet
7,505 SF
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3933979
Longitude
-83.2008822
15725 Grand River Ave, Detroit, Michigan

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15725 Grand River Ave
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