Grand River Avenue Value-Add
For Sale
Contact for pricing
15924 Grand River Ave, Detroit, MI 48227
Value-add opportunity with income potential in a resilient Detroit submarket.
Property Size8,280 SF
Days on Market162
Property Features for 15924 Grand River Ave
General Information
Standard status
Active
Size
8,280 SF
Property subtype
Retail
Zoning
B4
Building Details
Building Size
8,280 SF
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Eric Reed
(248) 688-2613
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Sep 4
Last Checked: Sep 6 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This commercial property on Grand River Avenue presents a value-add opportunity with stable in-place income and potential for growth. The second floor is currently vacant and requires primarily cosmetic improvements, such as drywall and flooring, making it suitable for office, studio, or specialty-use occupants. An investor could significantly enhance income by completing these light improvements and implementing a targeted leasing strategy. The building's configuration and strong corridor activity support a wide range of prospective tenant uses. The property benefits from exceptional visibility, high daily traffic counts, and immediate access to densely populated residential communities. The surrounding area features a mix of retail, service-oriented businesses, and neighborhood amenities, contributing to sustained commercial demand. Continued investment and revitalization efforts throughout the Grand River corridor further bolster the long-term stability and desirability of this location. The property offers strong tenant retention, a professional build-out, and strategic placement within a resilient Detroit submarket. Ample on-site and street-front parking provides convenient access for tenants, customers, and future second-floor occupants. An adjacent parking lot is owned and cooperatively shared between neighboring owners. The property size is 8280 square feet.
Key Highlights
- Value‑add opportunity with vacant second floor – ideal for office, studio, or specialty use with cosmetic improvements.
- Located on Grand River Ave with exceptional visibility and high daily traffic counts.
- Stable in‑place income combined with upside potential through lease‑up of the second floor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Apparel 22%
Dining 13%
Electronics 2%
Dollar Tree
Shops & Services
18,311 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,255 visits/mo
0.1 miles
Rainbow
Apparel
4,461 visits/mo
0.3 miles
Rainbow
Apparel
4,130 visits/mo
0.2 miles
Little Caesars Pizza
Dining
3,412 visits/mo
0.3 miles
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Value-add opportunity with income potential in a resilient Detroit submarket.
Where is this retail space located?
The property is located at 15924 Grand River Ave Detroit, MI.
What are key features of this property?
This property features: Value‑add opportunity with vacant second floor – ideal for office, studio, or specialty use with cosmetic improvements.; Located on Grand River Ave with exceptional visibility and high daily traffic counts.; Stable in‑place income combined with upside potential through lease‑up of the second floor.
