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    Detroit Mixed-Use Investment Opportunity Title is generated by Realmo AI

    15811 W WARREN Avenue, Detroit, MI 48228

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    Claim this Listing
    For Sale
    $429,000

    Real Estate Only - Detroit, MI

    Property size:
    2,992 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $143/SF
    Added:
    Apr 8, 2025
    Days on Market:
    443
    Last Refresh:
    Jun 24 at 5:06 pm

    Property Features for 15811 W WARREN Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial,Multi-Family,Multiple
    Standard status
    Active
    APN
    W22I000078S
    Size
    2,992 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3230

    Building Details

    Year built
    1995
    Floors in Building
    1
    Building materials
    Brick, Concrete
    Architectural style
    Other

    We can help!

    Contact an agent
    Moussa Sobh

    Listing agent Moussa Sobh

    Listing office Empire Realty Group 6271 Schaefer, MI

    Listing date Apr 8, 2025

    MLS# 20250024015 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility retail storefront on a busy road near Dearborn.
    • Two fully leased residential units providing steady cash flow.
    • Excellent location with easy access to major freeways.
    • Strong tenant history and solid condition.
    • Well‑maintained commercial building constructed of brick and concrete.
    • Turn‑key asset in a high‑demand area.

    Overview

    This well-maintained commercial building presents a prime investment opportunity. The property features a high-visibility retail storefront with two fully leased residential units above. Situated on a busy road near Dearborn, the location offers easy access to major freeways. The property, located in Detroit, MI 48228, has a size of 2992 square feet and sits on a lot of approximately 0.05 acres. The zoning is classified as Commercial, Multi-Family, and Multiple. This property offers steady cash flow and excellent exposure for any business. It is ideal for investors seeking a turn-key asset in a high-demand area, with a strong tenant history and solid condition.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $55.7k $18.60
    − Vacancy −$3.0k −$1.00
    EGI $52.6k $17.60
    − OpEx −$15.8k −$5.28
    NOI $36.9k $12.32
    2,992 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $526.5K
    $460.7K – $614.2K (±1% cap)
    NOI $36,852 @ 7.0% cap · market cap 8.59%
    Second Best
    Apartment 5plus
    $514.4K
    $450.1K – $600.2K (±1% cap)
    NOI $36,011 @ 7.0% cap · market cap 8.39%
    Theoretical Best
    Office A
    $614.5K
    $537.7K – $717.0K (±1% cap)
    NOI $43,018 @ 7.0% cap · market cap 10.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Electrical E2 Electrical Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.199994
    Latitude
    42.343561

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with retail storefront and fully leased residential units.
    Where is this mixed-use property located?
    The property is located at 15811 W WARREN Avenue Detroit, MI.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: High‑visibility retail storefront on a busy road near Dearborn.; Two fully leased residential units providing steady cash flow.; Excellent location with easy access to major freeways.
    More about this property
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