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E Warren Ave Value-Add Package

16830 E Warren Ave, Detroit, MI 48224

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For Sale

$800,000

Liquor store plus two-unit building with upside potential.

Type:Commercial

Property size:

4,528 SF

Price / SF:

$176/SF

HighLights

High‑visibility location on E. Warren Ave with strong traffic
Liquor store with existing built‑out kitchen offering immediate upside
Strong lottery sales with potential for further growth
Value‑add opportunity through expanded inventory, improved operations, and exterior updates
Includes a second 3,220 sq ft two‑unit building for flexible income or use
Area has benefited from recent city investments in infrastructure

We can help!

Listing Contact

Joseph Sesi

Learn more

For Sale

$800,000

Liquor store plus two-unit building with upside potential.

Type:Commercial

Property size:

4,528 SF

Price / SF:

$176/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:35 pm

Property Features for 16830 E Warren Ave

General Information

Standard status: Active
Size: 4,528 SF
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

Joseph Sesi

Listing agent Joseph Sesi License #6506048975

Listing office EXP Realty Main

Listing date Apr 24, 2026

Source Elliman

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 Main

HighLights

High‑visibility location on E. Warren Ave with strong traffic
Liquor store with existing built‑out kitchen offering immediate upside
Strong lottery sales with potential for further growth
Value‑add opportunity through expanded inventory, improved operations, and exterior updates
Includes a second 3,220 sq ft two‑unit building for flexible income or use
Area has benefited from recent city investments in infrastructure

Overview

This value-add package on E. Warren Ave features a 4,528 sq ft liquor store and a 3,220 sq ft two-unit building, being sold together. The property benefits from an excellent location with strong visibility and traffic. The liquor store includes a built-out kitchen that is not currently open, presenting immediate upside potential. The property offers opportunity through expanded inventory, improved operations, and exterior updates, allowing a new owner to reposition the asset and maximize performance. Lottery sales are currently strong with additional upside as operations are improved. The second building offers flexibility for future income or use. The area has benefited from recent city investment including roadway, sidewalk, and streetscape improvements. The location has a bike score of 45, indicating it is somewhat bikeable, a walk score of 51, indicating it is somewhat walkable, and a transit score of 50, indicating good transit options.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$84.2k	$18.60
− Vacancy	−$4.5k	−$1.00
EGI	$79.7k	$17.60
− OpEx	−$19.9k	−$4.40
NOI	$59.8k	$13.20

4,528 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$853.6K

$746.9K – $995.9K (±1% cap)

NOI $59,755 @ 7.0% cap · market cap 7.47%

Second Best

Retail

$796.7K

$697.1K – $929.5K (±1% cap)

NOI $55,771 @ 7.0% cap · market cap 6.97%

Theoretical Best

Office A

$1.14M

$999.4K – $1.33M (±1% cap)

NOI $79,948 @ 7.0% cap · market cap 9.99%

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

Location Intelligence

Current Use by Public Records

Mr S's Deli (Bike/Boat/Book/etc) Store

Suggested Use

Similar Places Nearby

Margin Group Corporation — 16423 E Warren Ave, Detroit, MI 48224

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -82.932262
Latitude: 42.404814

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For sale
Grocery and convenience stores
MI
Detroit
48224
16830 E Warren Ave

What type of property is this?

Grocery and convenience store - Liquor store plus two-unit building with upside potential.

Where is this grocery and convenience store located?

The property is located at 16830 E Warren Ave Detroit, MI.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: High‑visibility location on E. Warren Ave with strong traffic; Liquor store with existing built‑out kitchen offering immediate upside; Strong lottery sales with potential for further growth

16830 E Warren Ave, Detroit, MI 48224

Liquor store plus two-unit building with upside potential.

Property Features for 16830 E Warren Ave

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Auto Repair Facility

Detroit Industrial Opportunity For Sale

Detroit Retail Center on Joy

E Warren Retail Opportunity

Rail-Served Heavy Industrial Yard

Turnkey Dry Cleaning Facility

Profitable Auto Business with Real Estate

Detroit Industrial Property with Renovated Office

Detroit Commercial/Industrial Multi-Use Property

Detroit Mixed-Use Property For Sale

Detroit Office Building on Grand River

Turnkey Automotive Facility in Detroit

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