Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    19000 Warren Ave Detroit, MI 48228

    Sponsored
    For Sale
    $400,000

    High-Yield Convenience Store, Net Lease

    Property size:
    2,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 2,562 square foot convenience store/supermarket located at 19000 W. Warren Ave, Detroit, MI 48228. The property, a single-story Class B building on a 0.22-acre lot, boasts 20 parking spaces and is situated on W. Warren Avenue between Evergreen and Southfield Freeway. Currently operating at 100% occupancy under a triple-net (NN) lease with three years remaining and lease options, this property offers a strong, stable income stream. The building underwent renovations in 2023, including brand new mechanical systems, ensuring long-term operational efficiency. The asking price is $400,000, representing an attractive 8.70% cap rate with a current Net Operating Income (NOI) of $34,800. The property is zoned B4 and features a single tenant in a single unit. This is an ideal investment for those seeking a low-risk, high-return retail property in a prime Detroit location. The property's strong tenant, recent renovations, and favorable lease terms make it a compelling investment opportunity.

    Property Features for 19000 Warren Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,562 SF
    Class
    B
    Lot Size
    9,583 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Retail building for sale; supermarket/convenience store tenant.
    • Building features brand new mechanical systems.
    • Triple‑net lease with three years remaining plus options.
    • 20 on‑site parking spaces.
    • Excellent location on W. Warren Ave. between Evergreen and Southfield Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.22597699
    Latitude
    42.343302

    Nearby Similar for Sale

    • $4,500,000
      48,336 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit apartment complex near Dearborn, MI, with Section 8 tenants.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • $4,500,000
      36,221 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • New
      $1,890,900
      24,912 SF

      Detroit Investment Property Package

      Portfolio of 20 residential properties in Detroit, Michigan.
      326 Eastlawn St, Detroit, MI 48215
      View Details
    • $425,000
      6,616 SF

      Farwell Commercial/Industrial Property For Sale

      Office, business center, and bay garages in Farwell, Michigan.
      2655 W Ludington Dr, Farwell, MI 48622
      View Details
    • $345,000
      0.12 Acres

      Detroit Duplex in Boston-Edison

      Well-maintained duplex with strong rental potential in Historic Boston-Edison.
      1665 Atkinson St, Detroit, MI 48206
      View Details
    • $1,499,000
      3,800 SF

      Turn-Key Dispensary on Large Lot

      Fully licensed dispensary with drive-thru and ample parking for sale.
      5540 E Eight Mile Rd E, Detroit, MI 48091
      View Details
    • $139,999
      3,304 SF

      Detroit Duplex Near Historic District

      Partially remodeled duplex with spacious units near Boston-Edison.
      2051 Calvert St, Detroit, MI 48206
      View Details
    • $399,999
      3,904 SF

      Detroit Multi-Use Investment Opportunity

      Versatile property near downtown Detroit with multi-family conversion potential.
      491 E Grand Blvd, Detroit, MI 48207
      View Details
    • $399,999
      3,990 SF

      Detroit Multi-Use Investment Opportunity

      Versatile property near downtown Detroit with multi-family conversion potential.
      491 E Grand Blvd, Detroit, MI 48207
      View Details
    • $269,900
      1,580 SF

      Remodeled Multi-Family Property with Bonus Home

      Multi-family property with separate bonus home near Downtown Detroit.
      15478 Northlawn St, Detroit, MI 48238
      View Details
    • New
      $250,000
      3,536 SF

      Detroit Bar and Real Estate

      Combined bar establishment with apartment in Detroit's Warrendale district.
      19430 W Warren Ave, Detroit, MI 48228
      View Details
    • $35,000
      3,549 SF

      Detroit Duplex: Rehab Opportunity

      Detroit duplex needing full rehab, ideal for investors.
      1057 E Grand Blvd, Detroit, MI 48207
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Yield Convenience Store, Net Lease
    Where is this individual retail property located?
    The property is located at 19000 Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Retail building for sale; supermarket/convenience store tenant.; Building features brand new mechanical systems.; Triple-net lease with three years remaining plus options.
    Request Owner's contact information
    19000 Warren Ave Detroit, MI 48228
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19000 Warren Ave
    Detroit, MI 48228
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19000 Warren Ave Detroit, MI 48228
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.