19000 Warren Ave Detroit, MI 48228
- Retail space
- 2,562 SF
- 0.22 lot acres
Current Use by Public Records
- Retail space
Property Details for 19000 Warren Ave
- Year built
- 1969
- Lot size
- 0.22 lot acres
- Property size
- 2,562 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 22000664-7
- APU
- 220006647
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2259
- Latitude
- 42.3435
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
