16360 Grand River AveDetroit, MI 48227

For Sale
$70,000

1,568 SF Mixed-Use Building, Distressed Sale

Overview

Added:
Dec 11, 2024
Days on market:
93
This 1,568 square foot mixed-use building, located at 16360 Grand River Ave in Detroit, Michigan, presents a unique investment opportunity. Priced at $70,000 ($44.64/sq ft), this distressed property offers significant potential. Built in 1956, the single-story structure has been completely gutted, providing a blank canvas for a variety of commercial uses. The property is zoned for convenience store, storefront, and traditional office uses, offering flexibility for potential buyers. Situated in the desirable Grandmont/Rosedale corridor, the building benefits from high visibility and substantial daily traffic flow due to its corner location. This prime location offers excellent exposure for any business. The property is privately owned and ready for immediate redevelopment. The building's existing infrastructure provides a solid foundation for a new tenant build-out, minimizing initial construction costs. This is an exceptional opportunity to acquire a well-positioned property in a growing Detroit neighborhood at a significantly discounted price. The sale is a distressed sale, offering a potentially lucrative return on investment for the right buyer. Wayne County, MI zip code 48227.

Highlights

  • Prime Grandmont/Rosedale location at 16360 Grand River Ave., ideal for business.
  • 1956-built, single-story building, completely renovated and ready for tenant improvements.
  • High visibility corner lot with strong daily traffic counts.

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.396811345833
Longitude
-83.208710778021
16360 Grand River Ave, Detroit, Michigan

FAQs

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16360 Grand River Ave
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