Classic Brick Office
16625 Grand River Ave, Detroit, MI 48227
Value-add opportunity in high-traffic Detroit corridor.
Type:Office
Property size:
9,164 SFPrice / SF:
$43/SF- Added:
- Feb 20, 2026
- Days on Market:
- 91
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 16625 Grand River Ave
General Information
- Standard status
- Active
- Size
- 9,164 SF
- Property subtype
- Office
Listing agent MARK Z License #MI 369338
Listing office Exp Realty
Listing date Feb 20, 2026
Source Crexi
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 Exp Realty
HighLights
- Prime value‑add opportunity in a high‑traffic, highly visible location on Grand River Avenue.
- Renovations are well underway, allowing for completion and customization by the new owner.
- Strong street presence and excellent visibility.
- Flexible potential for office or professional use.
- Opportunity to capitalize on existing momentum and complete a standout commercial asset.
- Seller's transition creates an exceptional acquisition opportunity.
Overview
Located along Grand River Avenue, this brick office building offers a value-add opportunity in a visible location. Renovations are underway, nearing completion. The property presents an opportunity for investors or owner-users to complete the remaining improvements. The building features street presence and visibility, with potential for office or professional use. The next owner can add the final finishes. The seller’s transition creates an opportunity to acquire and complete a commercial asset. The property size is 9164 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$350.5K
NOI $31,547 @ 9.00% cap · cautious / downside scenario
Moderate
$450.7K
NOI $31,547 @ 7.00% cap · market / base-case scenario
Aggressive
$630.9K
NOI $31,547 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.0k | $6.00 |
| − Vacancy | −$12.9k | −$1.41 |
| EGI | $42.1k | $4.59 |
| − OpEx | −$10.5k | −$1.15 |
| NOI | $31.5k | $3.44 |
9,164 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$450.7K
$394.3K – $525.8K
NOI $31,547 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,362 @ 7.0% cap · market cap 26.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2104474
- Latitude
- 42.3972231
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Value-add opportunity in high-traffic Detroit corridor.
Where is this office building located?
The property is located at 16625 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Prime value‑add opportunity in a high‑traffic, highly visible location on Grand River Avenue.; Renovations are well underway, allowing for completion and customization by the new owner.; Strong street presence and excellent visibility.
