Detroit Commercial Building For
8443 Grand River Ave Detroit, MI
For Sale
Contact for pricing
13,000 SF building in Detroit's growing neighborhood.
Property Size13,000 SF
Lot Size0.31 Acres
Price / SF$65.38
Days on Market258
Property Features for 8443 Grand River Ave
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Lot size
- 0.31 Acres
- Property subtype
- RETAIL
Properties For Sale
at 8443 Grand River Ave Contact us
Listing Agency:
SVN-Cohn Commercial Properties
(248) 818-0010
Listed By:
Harry Cohn · License #07986251
(248) 818-0010
Source:
Moodyscre
Added: Nov 10, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:13AM
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 SVN-Cohn Commercial Properties
Investment Insights
Based on property information with market context.
This 13,000 square foot building, constructed in 1929 and renovated in 2016, is located in a rapidly growing Detroit neighborhood. The property features five versatile units suitable for restaurants, culinary concepts, or ghost kitchens. The space includes dining and lounge areas and can accommodate nightclubs, banquet halls, corporate events, and other uses. It is suitable for a variety of retail and restaurant businesses.
Key Highlights
- Located in one of Detroit’s fastest‑growing neighborhoods.
- 13,000 SF building suitable for various commercial uses.
- Features five versatile units ideal for restaurants, culinary concepts, or ghost kitchens.
Financial Insights For Industrial
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 | $95.2k | $7.32 |
| − Vacancy | −$4.8k | −$0.37 |
| EGI | $90.3k | $6.95 |
| − OpEx | −$27.1k | −$2.08 |
| NOI | $63.2k | $4.86 |
13,000 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,557 @ 7.0% cap · market cap 20.18%
Second Best
Retail
$2.29M
$2.00M – $2.67M
NOI $160,120 @ 7.0% cap · market cap 18.84%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,750 @ 7.0% cap · market cap 23.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Restaurant - 13,000 SF building in Detroit's growing neighborhood.
Where is this restaurant located?
The property is located at 8443 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Located in one of Detroit’s fastest‑growing neighborhoods.; 13,000 SF building suitable for various commercial uses.; Features five versatile units ideal for restaurants, culinary concepts, or ghost kitchens.
