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Retail Building with High Ceilings

16520 Grand River Ave, Detroit, MI 48227

For Sale
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Retail building featuring high ceilings, separate office area, limited parking.

Property Size3,000 SF
Price / SF$41.67
Days on Market1534

Property Features for 16520 Grand River Ave

General Information

Standard status Active
Size 3,000 SF
Property subtype Retail
Investment Type Owner/User

Site & Location

Neighborhood Grandmont
Listing Agency: Transwestern Detroit
Listed By: Charles Howard · License MI #6506044836
Source: Crexi
Added: Aug 30, 2022 Changed: Oct 29 Last Checked: Nov 8 at 8:15AM

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 Transwestern Detroit

Rey
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Investment Insights

Based on property information with market context.

This retail building features high ceilings and a separate office area. The property includes limited parking. The building has a size of 3000 square feet.

Key Highlights

  • Retail building available now
  • High ceilings create a spacious atmosphere
  • Includes a separate office area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

426
Businesses Nearby
104k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 45%
Wendy's Dining
18,403 visits/mo 0.3 miles
BP Shops & Services
13,685 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
12,579 visits/mo 0.4 miles
White Castle Dining
11,148 visits/mo 0.4 miles
Checkers Dining
10,891 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Retail space in Detroit, MI

$77.36 Jul
$85.06 Aug
$94.77 Sep
$105 Oct

Properties on Market for Retail space in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Retail building featuring high ceilings, separate office area, limited parking.
Where is this retail space located?
The property is located at 16520 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Retail building available now; High ceilings create a spacious atmosphere; Includes a separate office area
(248) 440-1447 Call to check price and availability
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