Property summary
This exceptional investment opportunity presents a multi-parcel, multi-structure commercial property ideally suited for diverse uses, including daycare, medical offices, or traditional office spaces. Located in Detroit, Michigan, at 15600 Grand River Ave, 48227, this property boasts a total of 4,276 square feet across two buildings situated on a 22,525 square foot lot. The property features 30 secured gated parking spaces and a comprehensive security system. Zoned B4, it benefits from fully functional utilities, HVAC, and a recently updated roofing system. The property's prime location offers easy access to I-96 and M-39, within the vibrant Grand River/Greenfield Corridor, near established national retailers. A welcoming foyer provides excellent views of Grand River Avenue. Parcel 1 (15600 Grand River) encompasses a 1,856 square foot building on a 5,893 square foot parcel. Parcel 2 (15616 Grand River) includes a 2,420 square foot building on a 2,748 square foot parcel. Parcel 3 (14563 Winthrop) provides 13,884 square feet of fenced and secured parking. All measurements are approximate. The asking price is $225,000. This "move-in" ready property offers significant potential for immediate return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Shopping Center & Mall (Bike/Boat/Book/etc) Store
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Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning